Mixed-Use Property In Rocky Mount NC (Rocky Mount, NC)

Mixed-Use Property In Rocky Mount NC

ASKING PRICE 274 000 OR 254 000 with 20K down owner financing available 132 SW Main Street Rocky Mount NC ARV 300 000 (from appraisal done 2 years ago this area continues to grow and improve) This is a great opportunity for some rental income from a residence and two business fronts. Rocky Mount Main Street - 2 Story with residence on top and commercial space below (was an Allstate Office). Top residential rent 1250 month. This 3 bedroom and 2.5 bath home has a master bedroom en suite. The commercial property has 2 spaces totalling 2750 sq ft. Front space 2200 with 2 baths and has rented for 1500 month. Back space 550 with 1 bath and has rented for 400 month Each one has their own separate entrance. This property was originally purchased roughly 12 years ago and renovated to the studs with over 200K put into it s rebirth. Property totals bedrooms 3 bathrooms 5 square foot of house 2750 up and down There is owner financing available via a Master Lease Option on this 2 story brick building. Upstairs is a rented 3 2.5 Owner is wiling to provide a master lease option with 20K as the option and assignment fee. Payments on the MLO is 2K per month. Master Lease 2000 month Option and Assignment Fee 20K Purchase Price 254 000 for 12 months Current Mortgage is 20 year note with a 5 year balloon and into the loan for roughly 4 years. For more information please contact us and refer to AD AC100 Tag business mixed-use 2-story prime location