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OVERVIEW
540 N Mercer St, Rocky Mount, NC 27801
$40,000 — $39/sqft — below the as-is floor on the same street, where unrenovated fixer-uppers have closed at $52–$70/sqft. Renovated product in the immediate area is averaging $148,000 across three closed sales, with active renovated listings in 27801 currently priced at $189k–$200k. Rocky Mount sits at the I-95/US-64 corridor with Novant Health UNC Rocky Mount and a growing industrial and logistics employment base, keeping rental demand steady. Will be vacant at closing.
Comp Avg (Sold — Renovated): ~$148k | For Sale Avg (Renovated): ~$195k Rent Avg: ~$850/mo | Gross Yield at Asking: ~25.5%/yr
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: Will be vacant at closing — tenant occupied now
Closing Date: June 30, 2026
Closing Attorney: Atlas Orange
CONDITION
- Roof — 10+ years old, needs full replacement
- HVAC — no system installed, full HVAC required
- Property sold as-is
COMPARABLE SALES
As-Is Comps (Same Street)
537 N Mercer St, Rocky Mount, NC 27801 — 1,076 sq ft — Sold for $75,000 ($70/sq ft) — Sold as-is, same street
509 N Mercer St, Rocky Mount, NC 27801 — 1,439 sq ft — Sold for $75,000 ($52/sq ft) — Sold as-is, same street, significant roof hole at time of sale
Renovated Comps (ARV Support)
432 N Mercer St, Rocky Mount, NC 27801 — 1,443 sq ft — Sold for $140,000 ($97/sq ft) — Sold, renovated
818 Eastern Ave, Rocky Mount, NC 27801 — 1,200 sq ft — Sold for $142,000 ($118/sq ft) — Sold, renovated
1132 Rosewood Ave, Rocky Mount, NC 27801 — 1,442 sq ft — Sold for $162,000 ($112/sq ft) — Sold, renovated
As-Is Floor: ~$75,000 (~$61/sq ft avg, same street) |
ARV (Renovated Avg): ~$148,000 (~$109/sq ft) |
Our Price: $40,000 ($39/sq ft) |
Your Spread to ARV: ~$108,000
You’re entering at $39/sqft — below the as-is floor on the same street, on a property in better condition than the weakest of those two comps. Renovated product is averaging $148,000 across three closed sales in the immediate area. Budget for roof and HVAC, and the margin to ARV still holds comfortably 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 & 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 & 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.