656 Dr Martin Luther King Jr Boulevard Kinston, NC
$ 198,500
Property Attributes
  • MLS#100282075
  • TypeCommercial
  • CountyLENOIR
  • CityKinston
  • AreaNot In Subdivision
  • NeighborhoodKinston
  • Zip28501
  • Style
  • Price$ 198,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size12,197 SqFt
Listing Provided Courtesy Of:
Coldwell Banker Sea Coast Advantage
Data Source:
Jacksonville NC MLS
Property 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.

Price History
7/21/2021 Listed $225,000
9/18/2021 12% - $198,500

General Features

City Limits Yes
County Lenoir
Days on Market 132
New Construction No
Property Type G
Status Active
Stipulation of Sale None
Subdivision Not In Subdivision
Tax Year 2020
Year Built 1901
Zoning I-1

Exterior Features

Lot Acres 0.28
Lot Dimensions Unknown


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 28501

AVG $250K
AVG 33
Year Built
AVG 1960
AVG 44
Data Provided by Walkscore ® not using MLS data

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