656 Dr Martin Luther King Jr Blvd | Kinston, NC 28501
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- LoopNet Team
656 Dr Martin Luther King Jr Blvd
Kinston, NC 28501
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Prime Investment Opportunity – 10-unit multifamily property in Kinston, ideal for investors seeking stable rental income.
- Diverse Unit Mix – Features nine 2-bedroom units and one 1-bedroom unit, catering to a broad range of renters.
- Low Operating Expenses – Tenants cover all utilities except landscaping, ensuring cost efficiency for investors.
- Updated Interiors – Recent renovations include new countertops, flooring, and stainless steel appliances, enhancing tenant appeal.
- Capital Improvements – New roof installed, with HVAC replacements scheduled as tenants move in, reducing future maintenance costs.
- Strategic Location – Close to Downtown Kinston and Grainger Stadium, offering strong rental demand and long-term growth potential.
Property Facts
| No. Units | 10 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 7,056 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1901/2024 |
| Building Class | C | Parking Ratio | 0.5/1,000 SF |
| Zoning | I-1 - Industrial | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 7,056 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1901/2024 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | I-1 - Industrial |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Waterfront
- Smoke Free
- Smoke Detector
Property Taxes
| Parcel Number | 452511651249 | Improvements Assessment | $118,191 |
| Land Assessment | $14,263 | Total Assessment | $132,454 |
Property Taxes
Parcel Number
452511651249
Land Assessment
$14,263
Improvements Assessment
$118,191
Total Assessment
$132,454
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