85 Wilson St Rocky Mount, VA 24151
Estimated payment $1,470/month
Total Views
824
--
Bed
--
Bath
1,344
Sq Ft
$190
Price per Sq Ft
Highlights
- No HOA
- Baseboard Heating
- High Speed Internet
About This Home
Fully rented duplex--one unit on a 12-month lease, the other month-to-month--for built-in stability and flexibility. Each well-maintained unit offers 2 bedrooms and 1 bathroom, renting for $850/month with annual rent increases in place. Conveniently located near numerous area amenities, making it a highly desirable location for strong rental appeal. Delivers immediate positive cash flow with 20% down, ideal for investors seeking turn-key income or house hackers looking to live in one unit while the other pays the majority of the mortgage.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $890
Year Built
- Built in 1974
Lot Details
- 6,098 Sq Ft Lot
Home Design
- 1,344 Sq Ft Home
- Duplex
- Slab Foundation
Schools
- Rocky Mount Elementary School
- Ben Franklin Middle School
- Franklin County High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Month-to-Month Lease Term
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- Manager Expense $2,040
- New Taxes Expense $890
- Operating Expense $2,930
- Gross Income $20,400
- Net Operating Income $18,360
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $683 | $158,900 | $23,000 | $135,900 |
| 2023 | $509 | $83,400 | $20,000 | $63,400 |
| 2022 | $509 | $83,400 | $20,000 | $63,400 |
| 2021 | $509 | $83,400 | $20,000 | $63,400 |
| 2020 | $509 | $83,400 | $20,000 | $63,400 |
| 2019 | $447 | $73,200 | $19,000 | $54,200 |
| 2018 | $447 | $73,200 | $19,000 | $54,200 |
| 2017 | $403 | $70,800 | $19,000 | $51,800 |
| 2016 | $403 | $70,800 | $19,000 | $51,800 |
| 2015 | $382 | $70,800 | $19,000 | $51,800 |
| 2014 | $382 | $70,800 | $19,000 | $51,800 |
| 2013 | $382 | $70,800 | $19,000 | $51,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $255,000 | +59.4% | $190 / Sq Ft |
| 07/07/2022 07/07/22 | Sold | $160,000 | +7.4% | $119 / Sq Ft |
| 05/06/2022 05/06/22 | Pending | -- | -- | -- |
| 05/05/2022 05/05/22 | For Sale | $149,000 | -- | $111 / Sq Ft |
Source: Roanoke Valley Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $30,000 | Anchor Title | |
| Deed | $160,000 | Virginia Title Center | |
| Deed | $80,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $128,000 | New Conventional | |
| Previous Owner | $64,000 | Purchase Money Mortgage | |
| Previous Owner | $82,000 | Credit Line Revolving | |
| Previous Owner | $82,000 | Credit Line Revolving |
Source: Public Records
About the Listing Agent
The Kingery Team focuses on Providing You With The Best Results And Service In The Industry. They Listen Carefully To Understand Your Real Estate Goals And Work Hard To Create Solutions That Make Sense For You. Whether You Are New To The Market Or An Experienced Investor, The Kingery Team Has The Expertise, Proven Track Record, And Resources To Help You Achieve Your Real Estate Goals. As Is Often Said, Real Estate Is About Location, Location, Location. They Have Extensive Knowledge Of Smith
Billy's Other Listings
Source: Roanoke Valley Association of REALTORS®
MLS Number: 920000
APN: 2070043700
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