Chris, aside from the larger apartment complexes, most of the Multifamily units we have in Rocky Mount are located in the central part of town between 301 and the railroad, and on the Edgecombe side. This would be the case with the large older homes converted to Multifamily rentals, as well as newer Quads. Currently, there are only three 4+ units for sale in Rocky Mount, and 2 of those are my listings. Both are fully occupied and have positive cash flow and attractive cap rates. Demand for rental apartments is rising in Rocky Mount, and it is a good time to be looking at obtaining rental property here.

Chris, I know another investor that lives in Rocky Mount that I can ask if you like. He actually works with my wife. I know he has some rentals and other investment properties.

Larry Story
Coldwell Banker Triad