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Jeremiah Hitt

jeremiahhitt@simplihom.com +1(910) 305-2839

$ 525,000

Est. payment -/mo

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3552 & 3560 Tart ST Fayetteville, NC 28306

6 Beds

4 Baths

2,250 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,250 sqft

Price per Sqft $233

Subdivision Fayetteville

MLS Listing ID 768714

Style One Story

Bedrooms 6

Full Baths 4

Construction Status Good Condition

HOA Y/N No

Year Built 1955

Property Sub-Type Single Family Residence

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

Rooms

Basement None

Interior

Heating Heat Pump

Flooring Luxury Vinyl Plank

Fireplaces Number 1

Fireplaces Type Bedroom

Inclusions all kitchen appliances

Fireplace Yes

Exterior

Water Access Desc Well

Building

Entry Level One

Sewer Public Sewer

Water Well

Architectural Style One Story

Level or Stories One

New Construction No

Construction Status Good Condition

Schools

Middle Schools South View Middle School

High Schools South View Senior High

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 Standard

Listed by ONNIT REALTY GROUP

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(910) 305-2839

jeremiahhitt@simplihom.com