This is a collection of units of similar construction, unit floorplan and location. They are all brick, mainly single-story C-class apartments that are cash-flow oriented and renting to a working-class tenant base.
Management is in place and willing to work for a new owner. The units are in three different collections, a 16-unit, 20-unit and 32-unit. The 20 and 32-unit collections are adjacent to one another. The 16-unit is a couple of miles away.
The properties do not have to be purchased as a package. Here are the individual Web sites:
105 Photinia Court, Rocky Mount, NC
336 Atlantic Avenue, Rocky Mount, NC
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109 Ligustrum Court, Rocky Mount, NC
Financial information for all properties:
2006-07 additoinal P&L information
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