8-Unit Multifamily Investment
516 Keen Street Unit AH Rocky Mount, NC 27804
516 Keen Street Unit AH, Rocky Mount, NC, 27804
$475,000
For Sale
$475,000
Eight two-bedroom, one-bath units with new windows and doors, with six currently leased and two vacant for renovation.
Property Size5,805 SF
Price / SF$81.83
Days on Market93
Property Features for 516 Keen Street Unit AH
General Information
- Standard status
- Active
- Size
- 5,805 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1978
Listing agency
CAROLINA HERITAGE REALTY LLC
(919) 801-2959
Listed by
JerriAnne Joyner · License #324119
(919) 801-2959
Source
Compass
Added: Apr 20 Updated: Jul 21 at 6:00AM Checked: Jul 21 at 6:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CAROLINA HERITAGE REALTY LLC
Investment Insights
Based on property information with market context.
This is an 8-unit multifamily property with a consistent layout: each unit offers 2 bedrooms and 1 bathroom. Currently, six units are leased and two units are vacant and require full renovation. Of the leased units, five are on month-to-month agreements and one is leased through 11/30, providing flexibility for future leasing changes.
Property improvements include new windows and doors throughout all units, which may help reduce near-term capital needs. Vacant units are available for viewing by appointment. Occupied units are scheduled to be shown only after an accepted offer, and photos are available in the meantime. Tenants should not be disturbed.
With the majority of units already producing income and recent exterior/interior envelope improvements completed, this property is positioned as a renovation-and-repositioning opportunity led by the two vacant units.
Property improvements include new windows and doors throughout all units, which may help reduce near-term capital needs. Vacant units are available for viewing by appointment. Occupied units are scheduled to be shown only after an accepted offer, and photos are available in the meantime. Tenants should not be disturbed.
With the majority of units already producing income and recent exterior/interior envelope improvements completed, this property is positioned as a renovation-and-repositioning opportunity led by the two vacant units.
Key Highlights
- 8‑unit multifamily property built in 1978, with eight 2‑bedroom, 1‑bath units
- Current occupancy: 6 units leased (5 month‑to‑month, 1 lease through 11/30) and 2 units vacant for full renovation
- Property is producing a current cap rate of 8.1%, with potential to reach approximately 12% after renovations and rent optimization
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight two-bedroom, one-bath units with new windows and doors, with six currently leased and two vacant for renovation.
Where is this apartment building located?
The property is located at 516 Keen Street Unit AH Rocky Mount, NC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 8‑unit multifamily property built in 1978, with eight 2‑bedroom, 1‑bath units; Current occupancy: 6 units leased (5 month‑to‑month, 1 lease through 11/30) and 2 units vacant for full renovation; Property is producing a current cap rate of 8.1%, with potential to reach approximately 12% after renovations and rent optimization
