656 Dr Martin Luther King Jr Boulevard, Kinston, NC 28501

$198,500
3,528
SqFt
List Price
$198,500
Status
ACTIVE
MLS#
100282075
Price Change
▼ $26,500 1631947290
Days on Market
90
Year Built
1901
Living Area
3,528
Acres
0.28
Neighborhood
Not In Subdivision

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.

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Sea Coast Advantage.

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