7,056 SqFt
7,056 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,056 sqft
Price per Sqft $97
Subdivision Not In Subdivision
MLS Listing ID 100521025
Year Built 1921
Annual Tax Amount $1,331
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions Irregular
Property Sub-Type Multi Family
Source Hive MLS
Property Description
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.
Location
State NC
County Lenoir
Community Not In Subdivision
Zoning I1
Direction From US 70 E, Use the left 2 lanes to turn slightly left onto US-258 BUS S/US-70 BUS E/W Vernon Ave. Continue to follow W Vernon Ave and Pass by Pizza Hut (on the right in 1.6 mi). Turn right onto Dr Martin Luther King Jr Blvd. Destination will be on the right
Rooms
Basement None
Interior
Heating Electric
Exterior
Parking Features Parking Lot, Gravel, Off Street, On Site
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 452511651249
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