265 Dent ST, Rocky Mount, VA 24151 (MLS# 855046)

$539,500

265 Dent ST
Rocky Mount, VA 24151
MLS# 855046

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Property Description
Charming and well-kept 12 unit apartment building in Rocky Mount, VA. Brick Construction, all 2BR units with onsite laundry. 100% occupied with paved onsite parking, replacement windows and updated heat pumps. Separately metered, carpet flooring with vinyl flooring in the kitchens and baths. Low maintenance investment with built in rent increasing for 2019. Local professional management available Additional land for potential development. Rent increases set for Spring 2019 - Units at $500 to $525 and Units at $475 to $500.

Details

Maps

Contract Information

Current Price: $525,000

Sold Price: $525,000

List Date: 2019-01-05

Status: Closed

General Property Description

Multi-Family Type: Apartments

Construction Status: Completed

Year Built: 1980

Number of Units: 12

# Unfurnished: 12

# Leased Units: 12

Gross Bldg SQFT: 11760

Total Acreage: 1

Basement Y/N: No

Basement: Slab

Parking Description: Private (10 or More)

# Vehicle Spaces: 20

Operating Expense: 30837

Net Operating Income: 42363

Gross Income: 73200

Water Class: N/A

Location, Legal & Taxes

Major Area: 04 - Franklin County

Area: 0400 - Franklin County

Street Number: 265

Street Name: Dent

Street Suffix: ST

State/Province: VA

Zip Code: 24151

Subdivision: N/A

Subdivision Map: Menefee Heights

Lot: 3-7

Municipality: Town of Rocky Mount

Tax ID: 2070033500

Annual Taxes: 3562

Zoning Code: R2

POA Y/N: No

Elementary School: Lee M. Waid

Middle School: Ben Franklin Middle

High School: Franklin County

Remarks & Misc

Directions: From Downtown Rocky Mount: South on Franklin St. Right on Dent. Building on Dent at intersection of W. College.

Status Change Info

Ratified Contract Dt: 2019-02-20

Sold Date: 2019-03-15

Sold Price: $525,000

Expenses

Maintenance Exp: 6640

Tax Exp: 3562

Insurance Exp: 4262

Electric Exp: 1112

Water Exp: 7068

Other Exp: 1580

Property Features

Limited Service: Not Limited Service

Construction: Brick

Heating: Heat Pump Electric

Cooling: Heat Pump Electric

Water Description: Public Water

Sewer Description: Public Sewer

Water Heater Type: Tank

Water Heater Energy: Electric

Lease Type: One Year

Owner Expenses: Lawn Care; Water

Misc Features: Laundry Facility

Tenant Expenses: Electricity

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: September - 02 - 2020

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