516 Keen Street #A-HRocky Mount, NC 27804
- Multi Family
- $475,000
- 5,805 SQFT
8-Unit Multifamily Investment Opportunity - Strong Cash Flow with Value-Add Potential Excellent opportunity to acquire an 8-unit multifamily property with immediate income and significant upside. Each unit offers 2 bedrooms and 1 bathroom, a consistently desirable rental configuration. Currently 6 units are leased, with 5 on month-to-month agreements and 1 leased through 11/30, providing flexibility for rent adjustments and future stabilization. The property is producing a current cap rate of 8.1%, with the potential to reach approximately 12% cap rate once renovations are completed and rents are optimized. Two units are vacant and require full renovation, making this a true value-add opportunity for investors looking to increase returns and equity. Property improvements include new windows and doors throughout all units, reducing future capital expenses. Showings: Vacant units available by appointment. Occupied units will be shown after an accepted offer; photos provided in the meantime. Please do not disturb tenants. Ideal for investors seeking a property with existing cash flow, lease flexibility, and clear upside through renovation and rent growth.
- Last Checked
- 1 minute ago
- Last Updated
- May 04, 2026
- Days on Website
- 21
Property Details for 516 Keen Street #A-H
516 Keen Street #A-H is a [object Object] commercial space for sale in Rocky Mount, NC 27804.
Please contact JerriAnne Joyner at CAROLINA HERITAGE REALTY LLC direct by phone at 919-801-2959. You may also reach CAROLINA HERITAGE REALTY LLC by phone at 919-801-2959.
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Listing Provider for 516 Keen Street #A-H
Offered by Red Door Company. Information Not Guaranteed. © Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use.
- Agent:
- JerriAnne Joyner
- Agent Phone Number:
- 919-801-2959
- Office:
- CAROLINA HERITAGE REALTY LLC
- Office Phone Number:
- 919-801-2959
- MLS ID:
- 10164668
- Data Source:
- Doorify MLS
- Last Checked:
- 1 minute ago
- Last Updated:
- May 4, 2026 3:56 PM UTC
- Days on Site:
- 21
