118 S Grace Street, Rocky Mount, NC 27804

Rocky Mount
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
118 S Grace Street,Rocky Mount, NC 27804
$1,895,000
  • 18 Beds
  • 14 Baths
  • 9,465 sq. ft.
  • Multi-family
  • Active
Listed by: stuart powell
Office: julie wright realty group llc.
MLS#:10179982
Source:RD

Price summary

  • Price:$1,895,000
  • Price per sq. ft.:$200.21

About this home

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...

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Home facts

  • Year built:2023
  • Subdivision & Development:Not in a Subdivision
  • Listing ID #:10179982
  • Added:113 day(s) ago
  • Updated:November 03, 2026 at 04:17 PM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:14
  • Full bathrooms:11
  • Flooring:Luxury Vinyl
  • Kitchen Description:Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
  • Living area:9,465 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Roof:Shingle
  • Year built:2023
  • Building area:9,465 sq. ft.
  • Lot area:0.73 Acres
  • Lot Features:Corner
  • Construction Materials:Aluminum Siding
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,895,000
  • Price per sq. ft.:$200.21
  • Tax amount:$7,686

Features and amenities

  • Laundry features:Inside

Parking

  • Parking description:Asphalt
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