516 Keen Street A-H, Rocky Mount, NC 27804

• 5,805 sqft

Property Description

8-Unit Multifamily Investment Opportunity - Strong Cash Flow with Value-Add PotentialExcellent 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.

Listing Status:

Pending

Data Last Updated:

July 28, 2026 at 12:20AM

Listing Office:

CAROLINA HERITAGE REALTY LLC : 919-801-2959

Listing Agent:

JerriAnne Joyner : 919-801-2959

MLS ID:

10164668

Interior

• Appliances: Electric OvenRefrigerator
• A/C: Wall/Window Unit(s)

Construction

• General: AsphaltBatts InsulationBrick

Location

• Originating MLS: AMLSNC_TRIANGLE
• County: Nash

Lot

• Zoning: 25 1 141 LTPT 14 15 BLK 8KEEN STLT 1H 516 KEENE ST029619

Financial

• Source: AMLSNC_TRIANGLE