501 Magnolia Drive, Rocky Mount, NC 27801 (MLS# 100510702)
501 Magnolia Drive, Rocky Mount, NC 27801
$160,000
Property Type:
Multi-Family
Bedrooms:
4
Baths:
4
Square Footage:
2,112
Lot Size (sq. ft.):
14,000
Status:
Pending
Current Price:
$160,000
List Date:
5/30/2025
Last Modified:
6/10/2025
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.
More Information MLS# 100510702
Contract Info
Status: Pending
Delayed Marketing?: No
Marketing Start Date: 2025-05-30
Sub-Type: Quadruplex
Listing Price: 160000
Current Price: $160,000
List Price/SqFt: 75.76
Stipulation of Sale: Standard
Location Information
Street #: 501
Street Name: Magnolia
Street Suffix: Drive
County: Edgecombe
State/Province: NC
Zip Code: 27801
City Limits: Yes
Marketing City: Rocky Mount
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 35.946662
Geo Lon: -77.781739
Remarks and Showing
Directions to Property: 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.
Sign on Property: No
Building Info
New Construction: No
Property ExteriorInterior Info
# Bedrooms: 4
SqFt - Heated (Primary): 2112
Legal and Taxes
Tax Assessed Value: 72895
Deed Book: 1593
Deed Page: 121
Legal: LT 14 THRU 18 BLK C MOORE FARM S/D
Broker Owner: No
PID: 3860-01-6702-00
Tax Identifier: 386001670200
Plat Book: n/a
Plat Page: n/a
Total Real Estate Property Taxes: 1071.56
Special Assessments: none
Tax Year: 2024
Year Built: 1978
Zoning: R6
Cobra Zone: No
Elementary School: Coker-Wimberly
Middle School: Rocky Mount Middle
High School: Southwest Edgecombe
Status Change Info
Under Contract Date: 2025-06-10
Property Features
Basement: None
Construction: Wood Frame
Exterior Finish: Vinyl Siding
Fencing: None
Foundation: Raised
Fuel Tank: None
Parking Features: Off Street
Patio and Porch Features: Porch
Roof: Architectural Shingle
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Heating System Fuel Source: Electric
Fireplace: None
Flooring: Carpet; Vinyl
Interior Features: None
Terms: Cash; Conventional
Listing Office: Foote Real Estate LLC
Last Updated: June - 10 - 2025
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