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$ 525,000
Est. payment /mo
Active
3552 & 3560 Tart ST Fayetteville, NC 28306
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Fayetteville
MLS Listing ID 768563
HOA Y/N No
Property Sub-Type Other
Property Description
Income-producing investment portfolio consisting of two properties across three parcels with six current month-to-month leases. The single-family residence is rented by the room under four leases at $900, $700, $700 and $700 per month, while the duplex is leased at $1,300 per side. Total scheduled gross rent is $5,600 per month, with seller-reported net operating income of approximately $3,500 per month, or $42,000 annually, after operating expenses. Based on the $525,000 asking price, the property offers an approximate 8% cap rate. The month-to-month leases provide flexibility and may be converted to long-term leases by agreement with the tenants. This corner-lot assemblage also includes an additional vacant parcel that may offer future development potential, subject to zoning, permitting and governmental approvals. Excellent opportunity for immediate income with room for future growth..
Location
State NC
County Cumberland
Interior
Fireplace No
Exterior
Water Access Desc Well
Building
Sewer Public Sewer
Water Well
Others
Tax ID 0424-78-4687, 0424-78-4651, & 0424-78-4524
Ownership More than a year
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Listed by ONNIT REALTY GROUP
Nearby Locations
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