USANCKinstonNot in Subdivision656 Dr Martin Luther King Jr Blvd
Virtually Staged | Image 1
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$689,500

656 Dr Martin Luther King Jr Blvd, Kinston, NC

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $1,331
Days Active 6
Approx. Age 1921
MLS® Number 100521025

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

🔥 Turnkey 10-Unit Value-Add Opportunity - Kinston, NC 🔥 This well-located 10-unit multifamily property in the heart of Kinston presents a compelling investment for both seasoned and emerging investors. The 7, 056 SF building is comprised of nine spacious 2-bedroom units and one 1-bedroom unit. Extensive renovations have already been completed, including updated flooring, new countertops, and stainless steel appliances — delivering modern, durable interiors that attract quality tenants. Major capital improvements include a new roof, and HVAC systems are being replaced as new tenants are secured. The property is professionally managed with a focus on tenant retention and long-term lease stabilization. Tenants are responsible for all utilities except landscaping, keeping your operating costs lean and predictable. Located just minutes from Downtown Kinston and Grainger Stadium, this property sits in a high-demand rental corridor with future upside. Leasing efforts are ongoing to maximize occupancy and rental income, offering the potential for strong cash flow and long-term appreciation. 📈 Whether you're looking for a fully renovated turnkey asset, a cash-flowing addition to your portfolio, or a value-add opportunity in a growing market, this property checks all the boxes.Show Description
MLS® Number100521025
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1921
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric
A/C
Heating Fuel

Extras

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