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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.
#100486209
Multi Family
10
7,056
2%
Recently Renovated & Tenant Ready
Prime Location Near Downtown & Grainger Stadium
Multi-Unit Income Generator
Versatile Investment Opportunity
421 New River Inlet offers an incredible opportunity to own a slice of paradise in North Topsail Beach. This under-construction gem sits on a spacious 1.34-acre lot, designed with coastal luxury and comfort in mind. With 4,476 square feet across four levels, this 7-bedroom, 6 full and 2 half bathroom home is perfect for families, groups, or investors looking for a prime rental property.
The ground level includes a large garage, ideal for parking and storing beach gear. On the first floor, multiple bedrooms create a private, restful space for family and guests.
The heart of the home is on the second level, featuring an open-concept kitchen, living, and dining area, perfect for gathering or entertaining. This level also includes a private primary suite, offering a relaxing retreat.
Finally, the top level boasts a lookout deck with serene sound-side views, ideal for morning coffee or sunset-watching. Just 300 feet from the beach and close to public parking.
With a spacious four-car garage, convenient elevator, and short-term rental analysis available, this home has it all—whether you’re looking for a family retreat or a lucrative investment. Ask us about the rental income potential!
#100445852
SingleFamily
7
6.5
4,476
4 Car
Yes
2%
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