$198,500

656 Dr Martin Luther King Jr Boulevard

Kinston NC, 28501

Description

Great income producing, 10 unit, apartment building in the heart of Kinston! Within walking distance to the Grainger Stadium, downtown, shopping, restaurants and more. 8 units are 2 bedrooms 1 bath, two stories. The remaining 2 units are on one end. One is a 2 bedroom, 1 bath, second story unit and the other is a 1 bedroom, 1 bath, first story unit. All units have heat and 6 units have central air. One unit was used as storage but is currently being renovated to be used as a rental. The other 9 units are rented. Tenants would like to stay after the sale and most of the tenants are long term tenants. Current rental rate is $425 for the 2 bedroom units and $300 for the 1 bedroom. Tenants that were there prior to the current rental rate is still set at the old rental rate. Tenants are responsible for their own utilities and appliances except stove. There are no washer and dryer hookups. Bedrooms and bath is upstairs in the 2 bedroom units and the kitchen and living room is downstairs.

Details

MLS#100282075
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1901
Days On Site140

Features

N/A3,528
Story(s)1
ZoningI-1
Listing Provided By: Percy Brooks of Coldwell Banker Sea Coast Advantage
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Area Information
StateNC
CountyLenoir
CityKinston
Zip Code28501
AreaLenoir
Listing VS Median (in 28501)
Price:
$198,500
low | high
Med:
$105,000
97.103274559194% of Average
SqFt:
3,528
low | high
Med:
1,737
100% of Average
$ / SqFt:
$56
low | high
Med:
$60
42.562091332663% of Average
On Site:
140
low | high
Med:
67
100% of Average
Sourced by Back At You
Listing Updated: December 8, 2021 6:53:54 AM PST