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520-524 Keen St Rocky Mount, NC 27804

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For Sale
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Two buildings, ten units, strong return, upside potential.

Property size:
7,355 SF
Lot size:
0.71 Acres

Property Features for 520-524 Keen St

General Information

Standard status
Active
Size
7,355 SF
Lot size
0.71 Acres

Building Details

Year built
1978

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Listing Contact
Ben Braddock
Ben Braddock
Source: Crexi

Listing Agency: Braddock Associates Listing Agent: Ben Braddock

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Multifamily Portfolio with High Yield

This portfolio includes two buildings with a total of 10 units, each featuring a 2-bedroom, 1-bathroom layout. The property is currently 90% occupied, with one vacant unit ready for rent. The existing return shows a cap rate of 10.04%, with a projected cap rate of 12.87% after stabilization. Tenants are responsible for covering their own utility expenses. One building, located at 524 Keen St, was constructed in 1978 and comprises 2853 square feet on a 0.27-acre lot. The second building, situated at 520 Keen St, was built in 1979 and offers 4502 square feet on a 0.44-acre lot. The combined property size of both buildings is 7355 square feet, presenting a blend of immediate cash flow and future growth potential.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Rocky Mount
County
Nash
State
North Carolina
Longitude
-77.8004797
Latitude
35.9494871

FAQs

What type of property is this?
Apartment building - Two buildings, ten units, strong return, upside potential.
Where is this apartment building located?
The property is located at 520-524 Keen St Rocky Mount, NC.
What are key features of this property?
This property features: - High-yield investment opportunity with a current **10.04% cap rate**.; - Significant upside potential with a projected **12.87% cap rate** upon stabilization.; - Portfolio includes two buildings totaling 10 units, all 2-bedroom, 1-bathroom.
More about this property
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