🔥 1610 S Church St, Rocky Mount, NC 27803 . Historic single-family. 3 bed / 1 bath. 1,518 sq ft on city water & sewer. Sold comps averaging ~$169K — priced at $65K. That’s over $100K below market. 🤝
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Why Rocky Mount?
Sits at I-95 and US-64, about an hour from Raleigh — close enough to catch Triangle spillover demand as buyers and renters get priced out of the metro. Home prices are still low relative to that proximity, meaning you’re not buying at the top of a cycle.
Downtown has an active revitalization underway, investor activity is growing but not oversaturated, and retail comps are consistently printing in the $150–190K range. The fundamentals are sound without the competition and compressed margins you’d find in a bigger NC market.
💰 Asking: $65,000 | Comp Average: ~$169,000 | 🔥 Spread: ~$104,000
| Type | Single Family Residence |
| Bedrooms / Baths | 3 bed / 1 bath |
| Living Area | 1,518 sq ft |
| Year Built | 1910 |
| Lot Size | 7,405 sq ft |
| Utilities | City Water & Sewer |
| Roof Age | ~15 years |
| HVAC Age | ~7 years |
| Occupancy at Closing | ✅ Will be vacant at closing |
| Closing Date | April 27, 2026 |
| Closing Attorney | Atlas Orange |
Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 638 Cleveland St | 1,670 | $189,000 | $113/sq ft | Recently sold — 3 bed / 2 bath |
| 704 Pender St | 1,573 | $174,900 | $111/sq ft | Sold May 2025 — 3 bed / 2 bath |
| 580 W Raleigh Blvd | 1,355 | $160,000 | $118/sq ft | Recently sold — 3 bed / 1 bath |
| 516 S Pine St | 1,178 | $154,000 | $131/sq ft | Recently sold — 3 bed / 1 bath |
| Comp Average (sold) | ~1,444 | ~$169,475 | ~$118/sq ft | |
| 🏷️ Our Price | 1,518 | $65,000 | $43/sq ft | |
| 💸 Your Spread | ~$104,000 |
💡 Value Callout
Comparable homes in this Rocky Mount corridor are trading between $111–$131/sq ft. At $65K, you’re coming in at just $43/sq ft on a 1,518 sq ft property — a discount of roughly $75/sq ft versus comps. The subject is also larger than two of the four comps, which further strengthens the upside. With the HVAC only 7 years old and a roof replaced within the last 15, major capital items are not immediate concerns. At this price point, there is significant margin whether you’re running a flip or a value-add rental strategy.
⚠️ 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
- 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.