516 Keen Street A-H
2 ready for value-add 8.1% current cap → ~12
Marketing description
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.
Investment highlights
- Minimum Lease Per SqFt 585
- Maximum Lease Per SqFt 775
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