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Partially Renovated Apartment Complex - Vacant Kinston, NC

Property Location MAP

1313 Morningside Dr
Kinston, NC 28501

Property #: FX1992

Contact Agent

Linda Terry
Tranzon Fox

804-354-9090 lterry@tranzon.com
Partially Renovated Apartment Complex - Vacant
Kinston, NC
  • 14 brick buildings, 2 story, currently configured with 4 units per bldg
  • Each Apartment 2 BR/1 BA 900+ SF
  • Sustained 2018 Hurricane damage - all new roofs in place
  • City has 500+ people on wait list for affordable housing

Hurricane damage closed the complex in Sept, 2018

* Opportunity to finish out the rehab project
* Option to reap reliable rent via Section 8 voucher housing program. The City Affordable Housing administrator says they have over 500 names waitlisted.
* 4 buildings (16 units) have rough-in permit and have new- plumbing, wiring, ductwork, drywall, cabinets, counter tops
* Concrete floors
* Separate water/electric meters
* Ample parking
* 2 laundry buildings, each 364 SF
*+/- 3.63 ac
* Zoning RA-6
* Flood Zone AE (see FEMA website for guidance)
* Insured for value based on current condition

Download the Property information package for Affordable Housing letter, Insurance info, tax cards/record/bill, city inspection reports.


Please be sure to download the Property Information Package by clicking on the words above under “DOCUMENTS.” By downloading this package you will alert Tranzon to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction. A signed Confidentiality Agreement is required to download.

NCAF4953

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Linda Terry

Linda Terry: Tranzon Fox

804-354-9090 lterry@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 45-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: High bidder is required to execute a Contract for Sale and Purchase of Real Estate and remit to Tranzon by close of business the day of the auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

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