Bought with Non Member Office
$750,000
$785,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
7,355 SqFt
SOLD DATE : 05/22/2026
Key Details
Sold Price $750,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,355 sqft
Price per Sqft $101
MLS Listing ID 10149993
Sold Date 05/22/26
Abv Grd Liv Area 7,355
Year Built 1978
Annual Tax Amount $4,795
Lot Size 0.710 Acres
Acres 0.71
Property Sub-Type Multi Family
Source Triangle MLS
Property Description
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 10.51% 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.
Location
State NC
County Nash
Direction Turn onto Keen St from N Grace St. Units will be on your right
Exterior
Private Pool No
Building
Faces Turn onto Keen St from N Grace St. Units will be on your right
Structure Type Brick
New Construction No
Others
Senior Community No
Special Listing Condition Standard
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