$49,900
2 Bed · 1.5 Bath · 1,109 Sq Ft
Under $50K — recently updated exterior and roof, great investor pick
2
Beds
1.5
Baths
1,109
Sq Ft
1924
Built
This compact, 1924-built residence at 601 S Tillery St presents a rare price-point in Rocky Mount: a 2-bedroom, 1.5-bath single-family home offered for $49,900. What catches your eye first is the covered side porch — an intimate outdoor room that extends living space and creates a relaxed spot for a morning cup or an evening conversation. The house totals 1,109 square feet and sits as a straightforward canvas for an investor, an owner-occupant seeking an entry-level home, or someone planning a targeted rehab.
Recent exterior and roofing updates are concrete advantages here: those improvements deliver immediate curb appeal and reduce near-term capital needs, allowing buyers to focus budget on interior renovation or income-producing upgrades. Inside, the layout is efficient and functional with 1.5 baths and a washer hookup already in place — a practical detail that supports tenant-ready configurations or convenience for a small household.
The home's 1924 construction gives it historic bones and a compact footprint that often rents well in neighborhoods like this. With sensible renovation choices the property can produce steady cash flow or serve as a starter home with strong upside; the low entry price paired with recent exterior work shortens the path to return on investment. Photos and interior condition should be reviewed closely for scope-of-work planning.
Located in Rocky Mount (27803), this listing is positioned for buyers who prioritize value and hands-on improvement. The asking price aligns with an estimated valuation midpoint of $49,900 (price per sq ft ~$45), reflecting the property's position at the lower end of the market. Whether you’re assembling a portfolio or buying your first home, 601 S Tillery St is a clear, affordable opportunity with immediate, tangible improvements already in place.
Rocky Mount offers a mix of established residential streets and pockets of revitalization. Residents benefit from small-city amenities with regional connectivity — local shops, dining, and municipal services are accessible within the city. Neighborhoods range from older, character-filled parcels to practical, affordable housing stock, making this area attractive to investors, first-time homebuyers, and those seeking lower-cost ownership within driving distance of larger urban centers.
This listing occupies a clear investor niche: homes priced under $50,000 in Rocky Mount typically attract rehabbers, cash buyers, and first-time buyers looking for low entry cost. The automated valuation places this property at a midpoint of $49,900 with a price-per-square-foot near $45 and a model confidence of 0.65 — figures that underscore how competitively priced the home is relative to many single-family listings. In current conditions, buyers in this segment benefit from limited competition at the ultra-low end but should be prepared for cash or renovation financing; conventional lenders and appraisers often require full-condition comparables. Inventory and days-on-market vary by neighborhood; because this home already has an updated exterior and roof, it reduces one of the biggest near-term risk factors for investors and can shorten time-to-rent or resale. If you’re considering this property, obtain local comparable sales and contractor bids to model rehab costs and projected rents. For sellers, the price point should draw fast interest from buyer pools focused on value and renovation upside.
Low
$48K
Midpoint
$50K
High
$52K
$45/SF estimated price per square foot
Derived from Redfin listing LD+JSON
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Rocky Mount offers a mix of established residential streets and pockets of revitalization. Residents benefit from small-city amenities with regional connectivity — local shops, dining, and municipal services are accessible within the city. Neighborhoods range from older, character-filled parcels to practical, affordable housing stock, making this area attractive to investors, first-time homebuyers, and those seeking lower-cost ownership within driving distance of larger urban centers.
Market data is based on aggregated public records and may not reflect real-time conditions.
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