Mixed-Use Property In Rocky Mount, NC - House for Sale Classified Ads in Rocky Mount

SaleSpider Left Classified Main Image
ASKING PRICE: $274,000
$254,000 with 20K down owner financing available

132 SW Main Street * Rocky Mount, NC

ARV: ?$300,000 (from appraisal done 2 years ago; this area continues to grow and improve) This is a great opportunity for some rental income from a residence and two business fronts.

Rocky Mount Main Street - 2 Story with residence on top and commercial space below (was an Allstate Office). Top residential rent ?1250/month. This 3 bedroom and 2.5 bath home has a master bedroom en suite. The commercial property has 2 spaces totalling ?2750 sq ft. Front space ?2200' with 2 baths and has rented for $1500/month. Back space ?550' with 1 bath and has rented for $400/month
Each one has their own, separate entrance.

This property was originally purchased roughly 12 years ago and renovated to the studs with over 200K put into it's rebirth.
Property totals: bedrooms 3, bathrooms 5, square foot of house ?2750 up and down
There is owner financing available via a Master Lease Option on this 2 story brick building. Upstairs is a rented 3/2.5
Owner is wiling to provide a master lease option with 20K as the option and assignment fee. Payments on the MLO is 2K per month.

Master Lease $2000/month
Option and Assignment Fee: 20K
Purchase Price $254,000 for 12 months
Current Mortgage is 20 year note with a 5 year balloon and into the loan for roughly 4 years. For more information please contact us and refer to AD# AC100 We have multiple properties of interest. Please contact us today and ask about our other opportunities

Tag: business,mixed-use,2-story,prime location
We have multiple properties of interest. Please contact us today and ask about our other opportunities. PLEASE REFER TO THE AD REFERENCE ID AC100 WHEN INQUIRING ABOUT THIS PROPERTY. We have multiple properties and your use of this reference ID will immediately tell us which property you are interested in.

May 22, 2018
House for Sale
132 SW Main St. Rocky Mount NC 27804, Rocky Mount, North Carolina
Show Map

Share This Classified With Your Social Networks

Subscribe to this RSS Feed

Member Spotlight

Business Spotlight

LSD Designs Icon
LSD Designs
Mixed-Use Property In Rocky Mount, NC