USANCRocky MountNot in a Subdivision118 S Grace St
Listing image | Image 1

118 S Grace St, Rocky Mount, NC

Townhouse

For Sale

Listed price in listed location currency (USD).
$1,995,000

181410

MLS® 10179982

  • Key Facts
  • Description
  • Map

Key Facts

Type Townhouse
Levels Residential Income
Size 9465 sqft
Garage 
Taxes $7,686
Days Active 3
Lot Size 0.73 Acres
Approx. Age 2023
Avg. Price Per Sqft $210
MLS® Number 10179982

Property Address: 118 S Grace St, Rocky Mount, NC, 27804-5601

Average square foot calculated using Size range provided by listing agent.

Description

Downtown Villas is a turnkey portfolio of 10 furnished residences operating within one centralized community in Rocky Mount. Currently operating as extended-stay housing. Generating approximately $214, 000 in annual revenue and over $131, 000 in NOI, the portfolio combines cash flow with operational infrastructure, individually deeded parcels, and embedded growth opportunities. 3 duplexes and 4 townhomes in one location, with income expansion opportunity to add two ADUs in the rear. All units have been renovated or are newly built, requiring minimal maintenance. Smart systems included security and electronic keypads. Property Address (with Bedroom/Bathrooms): 118 S Grace St (2/2), 122 S. Grace St (2/1.5), 128 S Grace St (1/1), and 4 townhomes on Western Ave (2/1.5 each). Current photos are posted for the 118 S Grace St duplex. See the videos for an overview of the entire portfolio. All units are renovated and fully furnished. Interested investors should reach out for additional details, including photos for all units, the pro forma, and other investment questions. Investment highlights - Turnkey multifamily property: 3 duplexes and 4 townhomes, fully furnished - Built or renovated: 2023-2025, requiring minimal maintenance - Purpose-built for extended-stay furnished housing - Income expansion potential: add two additional ADUs on two parcels (10 12 units) - Cash Flow: $214K+ Revenue, $131K+ NOI - Operational Infrastructure: Established systems provide operational efficiencies and management flexibility, with self-management upside - Established guest reputation: 100+ Reviews - Proximity to UNC Health Nash, Rocky Mount Mills, Downtown Rocky Mount, I-95 access
MLS® Number10179982
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2023
Basement
DrivewayAsphalt, Common, Open
Garage Spaces
HeatHeat Pump
A/CHeat Pump

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 14, 2026List Date
$1,995,000List Price
  • Commute

Commute

Starting Address
Destination Address
118 S Grace St, Rocky Mount, NC

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