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Explore Our Properties
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
501 Magnolia Drive
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$145,000

501 Magnolia Drive

4 Beds 4 Baths 2,112 Sq.Ft. 0.32 Acres

Description

Don't miss this chance to own a quadplex in the heart of Rocky Mount! This well-maintained multi-family property features four one bedroom, one bathroom units, offering a solid foundation for immediate rental income and long-term growth. Three of the units are currently occupied by long-term tenants who would like to remain, providing stable and reliable cash flow from day one. One unit is vacant giving new owners the flexibility to rent at current market rates or even occupy themselves. This is a rare opportunity to purchase multiple doors at once in a growing rental market.

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Location

501 Magnolia Drive, Rocky Mount, NC 27801

Status

Sold

Property Amenities

Interior
Fireplace None
Flooring Carpet, Vinyl
Total Bedrooms: 4
Area & Lot
Total area 2,112 Sq.Ft.
Lot Area 0.32 Acres
Living area 2,112 Sq.Ft.
MLS® ID 100510702
Year Built 1978
High School Southwest Edgecombe
Middle School Rocky Mount Middle
Elementary School Coker-Wimberly
Type Multi-Family
Status Sold
Exterior
Stories 1
Air conditioning Wall/Window Unit(s)
Heat type Baseboard, Electric
Parking Off Street
Roof Shingle
Finance
Sales Price $145,000
Real Estate Tax $1,072 yearly

Rocky Mount

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From finding the right piece of land to designing your ideal floor plan and finishes, we’ll guide you every step of the way—so you can build your dream home with confidence and stay on budget.