Rocky Mount, NC 27801,501 Magnolia Drive
Listed by Foote Real Estate LLC
Bought with Non Member Office

$145,000

$160,000

9.4%
Est.Price: ?

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Est. payment /mo

4 Beds

4 Baths

2,112 SqFt


SOLD DATE : 07/02/2025

Key Details

Sold Price $145,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,112 sqft

Price per Sqft $68

Subdivision Not In A Subdivision

MLS Listing ID 10099858

Sold Date 07/02/25

Bedrooms 4

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,112

Year Built 1978

Annual Tax Amount $1,071

Lot Size 0.320 Acres

Acres 0.32

Property Sub-Type Quadruplex

Source Triangle MLS

Property 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.

Location

State NC

County Edgecombe

Direction Follow US-64 E to US-301 BUS/N Church St in Rocky Mount. Take exit 469 from US-64 E. Follow US-301 BUS/N Church St and E Grand Ave to Magnolia Dr.

Rooms

Bedroom Description Primary Bedroom

Interior

Heating Baseboard, Electric

Cooling Wall/Window Unit(s)

Flooring Carpet, Vinyl

Exterior

View Y/N Yes

Roof Type Shingle

Garage No

Private Pool No

Building

Faces Follow US-64 E to US-301 BUS/N Church St in Rocky Mount. Take exit 469 from US-64 E. Follow US-301 BUS/N Church St and E Grand Ave to Magnolia Dr.

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Edgecombe County Schools

Middle Schools Edgecombe County Schools

High Schools Edgecombe County Schools

Others

Tax ID 386001670200

Special Listing Condition Standard

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Doorify MLS / Triangle MLS
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