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540 N Mercer St, Rocky Mount, NC 27801 — Single family, 2 bed / 1 bath, 1,019 sq ft. As-is fixer uppers on the same street closing at $75K. Priced at $65K — below the as-is floor, with renovated product at $140–$162K.
Overview
Rocky Mount single family priced at $65K against renovated comps averaging ~$148K. At $64/sq ft you’re acquiring below the as-is floor on the same street — where unrenovated fixer uppers have sold at $70/sq ft and renovated product is closing at $97–$118/sq ft. No HVAC is installed — plan for a full system. Roof is 10+ years old and needs replacement — price accordingly in your rehab budget. Vacant at closing, no occupancy delays.
Comp Avg (Sold): ~$119,000
As-Is Floor (Same Street): ~$75,000
Renovated Comp Avg: ~$148,000
Spread at Ask: ~$54,000
Details
Type: Single Family Residence
Bedrooms / Baths: 2 bed / 1 bath
Living Area: 1,019 sq ft
Year Built: 1940
Lot Size: 0.17 acres
Utilities: City Water & City Sewer
Occupancy at Closing: Vacant
Closing Date: June 30, 2026
Closing Attorney: Atlas Orange
Condition
- Roof: 10+ years old — needs replacement
- HVAC: No system installed — full HVAC required
Comparable Sales
537 N Mercer St — 1,076 sq ft — $75,000 ($70/sq ft) — Sold, as-is fixer upper, same street
509 N Mercer St — 1,439 sq ft — $75,000 ($52/sq ft) — Sold, as-is fixer upper, same street (had significant roof hole at time of sale)
432 N Mercer St — 1,443 sq ft — $140,000 ($97/sq ft) — Sold, renovated
818 Eastern Ave — 1,200 sq ft — $142,000 ($118/sq ft) — Sold, renovated
1132 Rosewood Ave — 1,442 sq ft — $162,000 ($112/sq ft) — Sold, renovated
Comp Average (sold only): ~$118,800 (~$90/sq ft)
Our Price: $65,000 ($64/sq ft)
Your Spread: ~$54,000
At $64/sq ft you’re buying below both as-is comps on the same street — and the weaker of those two had a significant roof hole at time of sale. This one doesn’t. Renovated product is closing at $97–$118/sq ft. Budget for HVAC and roof — the margin still holds for a full rehab flip.
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and do not represent the owner.
Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer and Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- $495 transaction fee payable to Bright Home Offer LLC
- Closing through our closing attorney
As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- No repairs or improvements prior to closing
- No clean-out or clean-up of any kind
- Property will not be broom clean at closing
Realtors and Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.