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1229 Beal St, Rocky Mount, NC 27804
DETAILS
Type: Single Family
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 1,775 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: 09/22/26
Closing Attorney: Atlas Orange
Asking Price: $89,000
Roof and HVAC are both 15+ years old, HVAC still operational. Electric through City of Rocky Mount, gas provider unconfirmed. Tax value is $102,020 with annual taxes of $643 (Parcel ID 385017-11-3902, zoned R10).
COMPARABLE SALES
As-Is Comps:
1148 Sunset Ave, Rocky Mount, NC 27804 — 1,643 sq ft — $149,000 ($91/sq ft) — Sold, as-is, 1 bathroom
816 Burton St, Rocky Mount, NC 27803 — 1,765 sq ft — $159,000 ($90/sq ft) — Sold, as-is
720 Burton St, Rocky Mount, NC 27803 — 1,742 sq ft — $152,000 ($87/sq ft) — Sold, as-is
317 E Virginia St, Rocky Mount, NC 27801 — 1,354 sq ft — $110,000 ($81/sq ft) — Sold, as-is
Renovated / ARV Comps:
514 S Vyne St, Rocky Mount, NC 27803 — 1,640 sq ft — $205,000 ($125/sq ft) — Sold, renovated
613 S Tillery St, Rocky Mount, NC 27803 — 1,650 sq ft — $170,000 ($103/sq ft) — Pending, under contract in 2 days, renovated
As-Is Floor (Reference): ~$142,500 (~$87/sq ft)
ARV (Renovated Avg): ~$187,500 (~$114/sq ft)
Our Price: $89,000 ($50/sq ft)
Spread to ARV: ~$98,500
OVERVIEW
This 3 bed/2 bath home is priced $53,500 below even the as-is floor of the immediate area, with a $98,500 spread to the renovated comp average of $187,500. Rocky Mount and Nash County continue to see real industrial investment — Cummins committed $580 million to expand its Rocky Mount plant, and the county’s population has grown 4.3% since 2010, aided by its strategic position along I-95 and just 45 minutes from Raleigh-Durham International Airport. Occupied now, will be vacant at closing.
Source: Business North Carolina — Cummins Investment, 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.