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656 Dr Martin Luther King Jr Boulevard, Kinston, NC 28501
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$689,500
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Home Details for 656 Dr Martin Luther King Jr Boulevard
Price
$689,500
Type
Commercial/Industrial
Year Build
1901
Sq. Ft.
7056
Lot Size
0.28
County
Lenoir
MLS®️ Listing#
100486209
On exitrealty.com
311 days
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.
- Heating Information
- Electric
Listing Courtesy: Alluvium Elite Realty
The data relating to real estate on this website comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor EXIT Realty shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright ©2025 North Carolina Regional MLS LLC. All Rights Reserved.
Last Updated: 2025-06-03 10:31:59
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$689,500
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EXIT REALTY TRIANGLE
8601 Six Forks Road, Suite 400, Raleigh, NC 27615