Listing Courtesy of: 
Doorify MLS / Braddock Realty
Doorify MLS / Braddock Realty 514-520 Suburb Street Rocky Mount, NC 27801
Pending (5 Days)
$298,000 (USD)
Description
MLS #:
10156293
10156293
Taxes
$1,225
$1,225
Lot Size
0.3 acres
0.3 acres
Type
Multifamily
Multifamily
Year Built
1985
1985
County
Edgecombe County
Edgecombe County
Community
To Be Added
To Be Added
Listed By
Benjamin David Riegel, Braddock Realty
Source
Doorify MLS
Last checked Apr 4 2026 at 7:11 PM GMT+0000
Doorify MLS
Last checked Apr 4 2026 at 7:11 PM GMT+0000
Bathroom Details
- Full Bathrooms: 4
Subdivision
- To Be Added
Property Features
- Foundation: Slab
Heating and Cooling
- Central
- Central Air
Basement Information
- Crawl Space
Flooring
- Vinyl
Exterior Features
- Roof: Metal
- Roof: Asphalt
Utility Information
- Sewer: Public Sewer
Parking
- Gravel
Living Area
- 2,820 sqft
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by ERA Live Moore and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved. Data last updated 9/10/24 06:44
All 2bed/1bath units
Built in 1985 and 100% occupied, total of 2,820 square feet
Slab on grade foundation
Brick exterior
Metal roof on 518/520 Suburb Street
Asphalt shingle roof on 514/516 Suburb Street
Current Cap Rate: 11.37%
Projected Cap Rate: 12.18% (with modest rent increase to $800/unit market rent)
Current NOI: $33,891
NOI at Market Rent: $36,291
All tenants are on month-to-month leases at $750/mo
All units are individually metered and tenants pay water and electricity directly to providers; trash is included on tenants' water bill.