656 Dr Martin Luther King Jr Boulevard , Kinston, NC 28501
Kinston, NC 28501
Description
Well-positioned in Kinston, this 10-unit multifamily property offers a strong investment opportunity. The 7,056 SF building consists of nine 2-bedroom units and one 1-bedroom unit, with major renovations completed, including new countertops, flooring, and stainless steel appliances. Additional capital improvements include a new roof, and HVAC replacements are scheduled as tenants move in. The property is actively managed, with a focus on securing long-term leases to ensure stable income. Tenants cover all utilities except landscaping, keeping operating expenses low. Conveniently located near Downtown Kinston and Grainger Stadium, this property is well-positioned for future growth. Leasing efforts are underway to enhance returns, making this a prime opportunity for investors seeking a turnkey, value-add, or long-term hold asset.
Details
| MLS# | 100486209 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1901 |
| Days On Site | 18 |
| Listing Provided By | Alluvium Elite Realty | Billy Gonzalez |
Features
| SQ Feet | 7,056 |
|---|---|
| Zoning | I-1 |
| Acreage | 0.28 |
Market Activity 28501
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Learn More About This Property
| State | NC |
|---|---|
| County | Lenoir |
| City | Kinston |
| Zip Code | 28501 |
| Area | Lenoir |
| Community Name | Not In Subdivision |
| Listing VS Median (in Not In Subdivision) | |
Price: $749,000 low | high Med: $279,000 SqFt: 7,056 low | high Med: 1,367 $ / SqFt: $106 low | high Med: $206 On Site: 18 low | high Med: 132.5 | |