520-524 Keen St Rocky Mount, NC 27804
Two buildings, ten units, strong return, upside potential.
Property size:
7,355 SFLot size:
0.71 AcresProperty 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
Source:
Crexi
Listing Agency: Braddock Associates Listing Agent: Ben Braddock
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Rocky Mount
- County
- Nash
- State
- North Carolina
- Longitude
- -77.8004797
- Latitude
- 35.9494871
Nearby Similar for Sale
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.
