Cash Flowing Multifamily Portfolio
| Rocky Mount, NC |
For Sale $2,155,576 | CAP 6%
Duplexes (3) & Townhomes (4) - Portfolio of Ten Units | Cash Flowing Multifamily Short Term Rentals | Off Street Parking
SUMMARY OVERVIEW
We are pleased to present to the marker a portfolio of ten (10) total multifamily units that are allocated in three (3) duplexes and four (4) townhomes. Eight of the units are new construction, built 2023 to 2025, and one duplex was completely renovated in 2010. There is off street parking available for all the units. The properties have been highly attractive short to medium term rentals for professionals and families.
PORTFLOIO WILL BE SOLD AS A PACKAGE ONLY.
The portfolio currently offers at an in-place cap rate of 6% for an owner/operator. Increasing rates to $70 per night, still under the area average, could yield a cap rate of over to 8 percent. The portfolio feature short- to mid-term tenants paying below-market rents, creating a strong value-add opportunity. A new owner can increase income by bringing rents up to market levels and improving operational efficiency. Located in Rocky Mount, a city experiencing steady population and economic growth driven by expanding manufacturing, healthcare, and logistics sectors, this asset is well-positioned for long-term appreciation.
MARKET FEEDBACK
The properties have achieved a very loyal following from short to medium term clientele, including corporate contract guests. Many have been repeat renters for varying purposes:
Family Stays
Hospital Staff
Contract Workers
Ratings for the portfolio range from 4.69 to 5.0 star on Airbnb, with SUPERHOST designation. The properties are all fully furnished and turnkey ready for an investor/operator.
PORTFOLIO UNIT MIX
The ten (10) units have varying unit mixes to attract a broader range of renters.
Duplex #1: Two (2) Bedroom / Two (2) Bath
Duplex #2: Two (2) Bedroom / One and half (1.5) Bath
Duplex #3: One (1) Bedroom / One (1) Bath
Townhomes (4): Two (2) Bedroom / One and half (1.5) Bath
Downtown Rocky Mount
Request NDA for Complete Offering Memorandum
ABOUT ROCKY MOUNT
Rocky Mount is a dynamic and evolving market within Eastern North Carolina, benefiting from the state’s long-term economic transformation. Over the past two decades, North Carolina has shifted from a traditional economy based on tobacco, textiles, and furniture to a diverse and globally competitive environment driven by advanced manufacturing, biotechnology, software and information technology, and financial services. Rocky Mount continues to attract many of these knowledge-based and technologically advanced industries, while also maintaining strength in its traditional sectors such as agriculture and food production.
The City of Rocky Mount has made significant investments in economic development through partnerships with organizations such as the Carolinas Gateway Partnership, the Golden Leaf Foundation, and the North Carolina Rural Center. These groups work collaboratively to secure incentive funding for new and expanding businesses, fostering long-term job creation and investment throughout the area. These initiatives have helped attract new retail, mixed-use, and small business activity to the city’s core, supporting community vibrancy and economic resilience.
With its diverse economy, strong institutional investment, workforce availability, and business-friendly environment, Rocky Mount presents an appealing opportunity for multifamily investors seeking both current stability and future growth potential.
UNC Health officially broke ground on its new seven-story inpatient tower on May 14, 2025, marking a major milestone in the continued growth and modernization of healthcare in Rocky Mount. This $140 million project is part of a five-year strategic plan guided by patient feedback, community forums, and comprehensive needs assessments.