1716 Lynne Avenue,Rocky Mount, NC 27801
Rocky Mount, NC 27801
Description
Selling as a package - The ''JLJB'' Rental Portfolio opportunity includes 61 properties, totaling 77 units, with 56 properties (71 units) located in Rocky Mount, N.C. and the remaining 5 properties (6 units) located in nearby Tarboro, N.C. Most of the properties have been owned and managed by members of the same family since construction. This is a great value-add opportunity to acquire a predominantly single-family rental portfolio with scale with the ability to increase rents and net income through physical and operational improvements. Additionally, the bulk pricing represents discount-to-market pricing for many of the individual homes. An investor could renovate and resale properties individually, at a profitable spread.
Details
| MLS # | 10144144 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1978 |
| Days On Site | 279 |
| Listing Provided By | Deaton Investment Real Estate | Thomas Furlow |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,940 |
| Story(s) | 1 |
| Zoning | R6 |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Other |
Exterior
| Roof | Asphalt, Shingle |
|---|---|
| Foundation Details | See Remarks |
| Construction Materials | Brick Veneer, See Remarks |
Parking
| Parking Features | See Remarks |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 132820 |
|---|---|
| Tax Legal Description | 1716 Lynne Ave |
| Tax Year | 2025 |
Area Information
| State | NC |
|---|---|
| County | Edgecombe |
| City | Rocky Mount |
| Zip Code | 27801 |
| Area | Edgecombe |
| Community Name | Meadowbrook |
| Listing VS Median (in Meadowbrook) | |
Price: $4,200,000 low | high Med: $230,000 sqft: 1,940 low | high Med: 1,328 $ / sqft: $2,165 low | high Med: $173 On site: 279 low | high Med: 40 | |
Market Activity 27801
Request a showing
Request a showing
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.
Contact
Learn More About This Property
| State | NC |
|---|---|
| County | Edgecombe |
| City | Rocky Mount |
| Zip Code | 27801 |
| Area | Edgecombe |
| Community Name | Meadowbrook |
| Listing VS Median (in Meadowbrook) | |
Price: $4,200,000 low | high Med: $230,000 sqft: 1,940 low | high Med: 1,328 $ / sqft: $2,165 low | high Med: $173 On site: 279 low | high Med: 40 | |