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Property 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.

Overview

Property Status
For Sale
Lot Size
0.28 Acres
MLS ID
100486209
Property Type
Commercial
Year Built
1901

Features & Amenities

Heat Type
Electric
Sales Price
$719,000
Zoning
I-1

Downloads

656 Dr Martin Luther King Jr Boulevard

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656 Dr Martin Luther King Jr Boulevard
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  • Well-positioned in Kinston, this 10-unit multifamily property offers a strong investment opportunity.

    Billy Gonzalez

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656 Dr Martin Luther King Jr Boulevard

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