This multi-unit property offers strong income potential, with each unit approx. 800 sq. ft., featuring 2 bedrooms, 1 bath. Recent capital improvements include new porches, new roofs, and a new asphalt driveway with parking pads at each unit. Select units also have had recent foundation work, interior upgrades, and new HVAC systems. The property was improved this spring with extensive tree services removing dead trees and improving curb appeal.
An on-site laundromat was refreshed with new appliances. This adds a revenue stream for increased profitability. The current owner receives $325+/mo in laundry income.
Located near major Rockingham attractions like Discovery Place Kids and the upcoming NASCAR Xfinity Series, the property is positioned for future growth. Tenant information and rent details will be provided for a seamless transition. This is a turnkey investment with immediate cash flow potential. Don't delay! Discover this rock solid ROI potential in Rockingham, NC today!
Active
Price cut: $50K (1/30)
$1,749,900
12 Village Terrace Dr, Rockingham, NC 28379
32beds
12,408sqft
Est.:
Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$141/sqft
$-- HOA
What's special
New porchesNew asphalt drivewayImproving curb appealRecent foundation workNew roofsNew hvac systemsInterior upgrades
- 209 days
- on Zillow |
- 286 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: February 20, 2025 at 08:37am
Listing Provided by:
Kelley Lowder 704-244-9662,
The Castle & Co
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4187048

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 32
- Bathrooms: 16
- Full bathrooms: 16
Heating
- Central, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Electric Oven, Refrigerator
- Laundry: Common Area, Other
Features
- Has basement: No
Interior area
- Total structure area: 12,408
- Total interior livable area: 12,408 sqft
- Finished area above ground: 12,408
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Lot
- Size: 4.77 Acres
Details
- Parcel number: 746201387297
- Zoning: R-7
- Special conditions: Subject to Lease
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Location
- Region: Rockingham
Financial & listing details
- Price per square foot: $141/sqft
- Tax assessed value: $309,562
- Annual tax amount: $6,112
- Date on market: 9/30/2024
- Listing terms: Cash,Conventional,Exchange
- Tenant pays: All Utilities, Trash Collection
- Road surface type: Asphalt, Paved
- Loading
- Loading