210 Colonial Drive,Fayetteville, NC 28301
Fayetteville, NC 28301
Description
24-Unit Multifamily Investment Opportunity | Fayetteville, NC Exceptional 24-unit colonial-style multifamily portfolio offering strong, turnkey cash flow with immediate value-add potential. Comprising two adjacent parcels being sold together, this property features an optimal unit mix of 12 one-bedroom and 12 two-bedroom floor plans. Investment Highlights Extensively Remodeled: 22 of the 24 units have been fully renovated, providing a turnkey operational foundation. Immediate Value-Add Upside: Only two units (#15 and #16) remain in original condition, ready for modern updates upon vacancy to maximize rent rolls. Strong, Consistent Cash Flow: Units currently generate steady income renting at approximately $789 per unit. Unit Mix: Balanced distribution (12 one-bedroom / 12 two-bedroom units) catering to broad market demand. Strategic Location: Desirable Fayetteville, NC location near major employers, retail, and transit. Property Note / CapEx: Roof Replacement: The colonial property has a new roof August 2026! There are four vacant units that can be viewed, 2 at Colonial and 2 Fayette. $300,000 in renovations!
Details
| MLS # | 10186622 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1970 |
| Days On Site | 24 |
| Listing Provided By | Highgarden Real Estate NC | Ashley Hum |
Features
| Bed(s) | 36 |
|---|---|
| Bath(s) | 21 Total |
| SQ Feet | 14,000 |
| Story(s) | 3 |
| Zoning | MR5 |
| Acreage | 1.70 |
Interior
| Interior Features | Ceiling Fan(s), Laminate Counters, Open Floorplan |
|---|---|
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Cooling | Ceiling Fan(s), Central Air, Electric |
Exterior
| Roof | Architectural Shingle |
|---|---|
| Foundation Details | Slab |
| Lot Features | Cleared, Few Trees |
| Construction Materials | Brick, Brick Veneer |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Asphalt, Open, Parking Lot, Unassigned |
Location
| Association Amenities | Parking |
|---|
Utilities
| Utilities | Water Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Assessed Value | 625000 |
|---|---|
| Tax Legal Description | M D Riddle Lo:30-31 Se:01 Pl:0009-0054 |
| Tax Year | 2024 |
| Tax Map Number | 30-31 |
Area Information
| State | NC |
|---|---|
| County | Cumberland |
| City | Fayetteville |
| Zip Code | 28301 |
| Area | Cumberland |
| Community Name | Not in a Subdivision |
| Listing VS Median (in Not in a Subdivision) | |
Price: $1,650,000 low | high Med: $315,000 sqft: 14,000 low | high Med: 1,558 $ / sqft: $118 low | high Med: $202 On site: 24 low | high Med: 11 | |
Market Activity 28301
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Learn More About This Property
| State | NC |
|---|---|
| County | Cumberland |
| City | Fayetteville |
| Zip Code | 28301 |
| Area | Cumberland |
| Community Name | Not in a Subdivision |
| Listing VS Median (in Not in a Subdivision) | |
Price: $1,650,000 low | high Med: $315,000 sqft: 14,000 low | high Med: 1,558 $ / sqft: $118 low | high Med: $202 On site: 24 low | high Med: 11 | |
