656 Dr Martin Luther King Jr Blvd

Kinston, NC 28501
$749,000
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About This Property

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.

Property Overview

  • property single icon1 1

    MLS ID

    #100486209

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    Type

    Multi Family

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    Units

    10

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    Sqft

    7,056

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    Compensation

    2%

Features & amenities

  • Recently Renovated & Tenant Ready

  • Prime Location Near Downtown & Grainger Stadium

  • Multi-Unit Income Generator

  • Versatile Investment Opportunity

 
 

Location

Kinston, NC 28501

Billy Gonzalez

Listing Agent

1127 Institute Rd

Kinston, NC 28504
$275,000
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About This Property

Completely Renovated Home on .60 Acres in Kinston! Ready to move into your dream home? This beautifully updated property in Kinston offers everything you’ve been looking for—space, style, and comfort! Sitting on a generous .60-acre lot, this home has been fully renovated with new flooring, modern appliances, and luxurious finishes throughout. The HVAC system has been fully serviced with brand-new ductwork, and the roof was replaced in 2024. Inside, you’ll find open, airy living spaces perfect for both entertaining and relaxing. The kitchen features brand-new appliances and sleek countertops, while the rest of the home is filled with bright, stylish touches that make it feel like new. Outside, you’ll have plenty of room to enjoy the outdoors, and the location offers a short commute to local shopping, dining, and all that Kinston has to offer. Don’t miss your chance to make this gorgeous home yours

Property Overview

  • property single icon1 1

    MLS ID

    #100484911

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    Type

    SingleFamily

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    Bedroom

    3

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    Bath

    2

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    Sqft

    1,809

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    Carport

    2 Car

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    Compensation

    2.4%

Features & amenities

  • Fully Renovated
  • Large Deck
  • New Roof
  • Open Concept
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  • Updated Kitchen
  • Spacious Yard
  • Updated HVAC
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Location

Kinston, NC 28504

Reynaldo Ruiz

Listing Agent

Property Review