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.
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0BEDS
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0.28ACRES
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0BATHS
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01/2 BATHS
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7,056SQFT
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$102$/SQFT
School Ratings & Info
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.
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