HERITAGE COURT APARTMENTS – 188 UNITS IN KINSTON, N.C.

PRICE:
$ 9,800,000
STATUS:
Sold
ADDRESS:
718 Doctors Dr, Kinston, NC 28501, USA
OVERVIEW:

SOLD 12/3/21 FOR $9,800,000
$52,128 per unit

Built in multiple phases, between 1973 and 1988, Herritage Court Apartments are located within one mile of Lenoir Memorial Hospital and Kinston High School. The long-term ownership group maintained the property well, but there is an opportunity to add value and increase income with strategic improvements. A portion of the property located in a flood zone.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
32 UNITS 1BD/1BA 770 SF $480-$520
38 UNITS 2BD/1BA 1027-1190 SF $565-$610
4 UNITS 2BD/2BA 1221 SF $630
106 UNITS 2BD/1.5BA 1170 SF $590
8 UNITS 3 BD/2.5BA 1299 SF $700
PROPERTY INFORMATION
PIN 4526-09-05-5161, 4526-09-05-9395, 4526-13-14-0390
Tax Value $6,583,840
Taxes $106,329.01
Lot Size 182.42 ACRES (TOTAL)
Year Built 1973, 1981, 1988
Exterior BRICK & VINYL
Floors CARPET, VINYL, LVP
Foundation SLAB
HVAC CENTRAL HEATING & AIR
Utilities OWNER PAYS WATER FOR SOME UNITS
Legal Description HERRITAGE COURT APTS DOCTORS DR
Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER CONNECT
Sold Date 2021-12-03
Zoning RA6, RO

Location Map

HERITAGE COURT APARTMENTS – 188 UNITS IN KINSTON, N.C.
Address: 718 Doctors Dr, Kinston, NC 28501, USA Price: $ 9,800,000 Unit: