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DETAILS
Type: Single Family
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 1,420 sq ft
Year Built: 1954
Lot Size: 0.17 acres / 7,405 sq ft
Utilities: City Water & Sewer
Occupancy at Closing: Occupied, will be vacant at closing
Closing Date: 10/07/26
Closing Attorney: Atlas Orange
Asking Price: $70,000
Tax value is $102,020 with annual taxes of $643 (Parcel ID 385017-11-3902, zoned R10). Roof and HVAC are both 15+ years old, and the HVAC is still operational. Electric is through the City of Rocky Mount; gas provider is unconfirmed. Sold as-is.
COMPARABLE SALES
| Address | Home Size | $/sqft | Price | Status | Beds |
| 514 S Vyne St | 1,640 sq ft | $125 | $205,000 | Sold, renovated | 4 |
| 613 S Tillery St | 1,650 sq ft | $103 | $170,000 | Pending, renovated | 3 |
| 816 Burton St | 1,765 sq ft | $90 | $159,000 | Sold, as-is | 3 |
| 720 Burton St | 1,742 sq ft | $87 | $152,000 | Sold, as-is | 2 |
| 1148 Sunset Ave | 1,643 sq ft | $91 | $149,000 | Sold, as-is | 3 |
| 317 E Virginia St | 1,354 sq ft | $81 | $110,000 | Sold, as-is | 3 |
| ⭐ 1229 Beal St (SUBJECT) | 1,420 sq ft | $49 | $70,000 | Asking | 3 |
As-Is Floor (Reference): ~$142,500 (~$87/sq ft)
ARV (Renovated Avg): ~$187,500 (~$114/sq ft)
Our Price: $70,000 ($49/sq ft)
Spread to ARV: ~$117,500
OVERVIEW
This 3 bed / 2 bath, 1,420 sq ft home is priced at $70,000, or $49/sq ft. That is roughly 44% below the $87/sq ft as-is sold average and $72,500 under the as-is comp average. Renovated comps average $187,500, leaving about $117,500 of spread to ARV before rehab, with the 15+ year old roof and HVAC as the main budget items. The renovated sale on S Tillery went under contract in two days, which shows how quickly finished product moves in this part of Rocky Mount. The city sits on I-95 and US-64, about an hour from Raleigh, and the area’s major employers include UNC Health Nash, Pfizer (about 2,700 jobs at its Rocky Mount plant), Cummins, and Corning. It works as a flip, and at this basis the numbers also support a BRRRR or long-term hold.
As-Is Comp Avg (Sold): ~$142,500 | ARV Avg: ~$187,500
Rent Avg (3 bed, 27804): ~$1,400/mo | Gross Yield at Asking: ~24.0%
Source: Rocky Mount Industrial Village, WRAL — Pfizer Rocky Mount, Nash County Economic Development
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 are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal. Closing will occur as quickly as possible, but no longer than 30 calendar days. Buyer pays all closing costs — closing costs are NOT included in the asking price. Taxes will be prorated and split between parties. $495 transaction fee payable to Bright Home Offer LLC. Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing. No clean-out or clean-up of any kind will be completed. Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either negotiate your commission/fee directly with your client, separate from the wholesale price, or adjust the wholesale price upward to include your fee. If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.