$1,895,000
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 details, including photos for all units, the pro forma, and other investment questions. Investment highlights - Turnkey multifamily property: 3 duplexes and 4 townhomes, fully furnished - Built or renovated: 2023-2025, requiring minimal maintenance - Purpose-built for extended-stay furnished housing - Income expansion potential: add two additional ADUs on two parcels (10 12 units) - Cash Flow: $214K+ Revenue, $131K+ NOI - Operational Infrastructure: Established systems provide operational efficiencies and management flexibility, with self-management upside - Established guest reputation: 100+ Reviews - Proximity to UNC Health Nash, Rocky Mount Mills, Downtown Rocky Mount, I-95 access
Property details
- MLS
- Doorify MLS
- MLS #
- 10179982
- Property type
- Townhouse
- Subdivision
- Not in a Subdivision
- Status
- Active
- Days on market
- 96
- On market date
- July 14, 2026
- Stories
- N/A
- Total bathrooms
- 12.5
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.73 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 380
- Student:teacher ratio
- 16.5:1
- District
- Nash County Public Schools
- Enrollment
- 388
- Student:teacher ratio
- 18.5:1
- District
- Nash County Public Schools
- Enrollment
- 396
- Student:teacher ratio
- 30.5:1
- District
- Nash County Public Schools
Walkability
Blended score for Rocky Mount's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 8 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.