520 Keen St - Apartments FOR SALE


Rocky Mount, NC 27804
$785,000 USD
888-731-1710
520 Keen St, Rocky Mount, NC for Sale
$785,000 USD
Apartments - FOR SALE
1/26
null | 10.04% Cap Rate

520 Keen St
Rocky Mount, NC 27804


OVERVIEW

This high-yield portfolio features two buildings totaling 10 units, all configured as 2-bedroom, 1-bathroom layouts. Offering a blend of immediate cash flow and significant upside, this property is currently 90% occupied with the vacant unit in rent-ready condition. Strong existing return with a cap rate of 10.04% and a clear path to stabilization with a projected cap rate of 12.87% Tenants pay their own utilities. 524 Keen St was built in 1978 and has 2853 SF on 0.27 acres, while 520 Keen St was built in 1979 and has 4502 SF on 0.44 acres.

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

10

PRICE/UNIT

$78,500

CAP RATE

10.04%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Buildings, 10 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

3850-14-42-9564,3850-14-42-9686

ASK ABOUT THIS PROPERTY

Benjamin RiegelBraddock RealtyMore Info
888-731-1710

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Benjamin RiegelBraddock RealtyMore Info
888-731-1710

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.