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Listed by COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
$ 1,849,000
Est. payment /mo
Price Dropped by $150K
Multiple 18 UNITS on McIver & Italy St. Street Fayetteville, NC 28301
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID LP748351
Property Sub-Type Quadruplex
Source Triangle MLS
Property Description
5 Sgl Family Homes; 3 Duplexes; 1 TriPlex; 1 Quadplex: 10 Buildings/18 Units-All identical units, 2BR 1BATH. 1600 sq. ft. duplexes, 2400 sq. ft. triplexes, 3200 sq. ft. quadplexes. All built between 1997-2008.-3 BR 1 BATH houses built between 1997-2004. All built on slabs with either vinyl or cement siding, one story.-Self management from inception.-Current Gross Revenue $180,000/yr. 100% occupied. ***Rent increase to be implemented 12/25 which will boost Revenue to $212,400 for 2026.-2024 Taxes, Insurance, Repairs, Lawn Care $32,500.-No Rehabs, no vacancies as of 7/25-Some Tenants have been there over 15 years.-All trash picked up by the city.-Electric, water, & sewer (PWC) paid by Tenants.-All 1 year leases then Month to Month after.
Location
State NC
County Cumberland
Direction GPS: https://maps.app.goo.gl/zwBtgtZH9kbD9hkT6
Exterior
Utilities Available Natural Gas Not Available
View Y/N Yes
Private Pool No
Building
Faces GPS: https://maps.app.goo.gl/zwBtgtZH9kbD9hkT6
Others
Senior Community No
Tax ID See Exhibit A in TDesk
