5801-5807 Aftonshire Drive,Fayetteville, NC 28304
Fayetteville, NC 28304
Description
5801-5807 Aftonshire Drive offers a well-positioned quadraplex consisting of four 1-bedroom, 1-bathroom units, each featuring a private rear deck. The property is currently 75% occupied and generating $2,240 in gross monthly income, with rents below market, providing immediate upside.Conveniently located just off Raeford Road, this property offers quick access throughout Fayetteville, making it attractive to tenants and investors alike. With projected rents of $950 per unit, and assuming 20% down, an 18% expense ratio (vacancy, capex, property management), plus monthly HOA fees, the projected net cash flow is approximately $619 per month, or $7,430.88 annually, representing an estimated 11% cash-on-cash return.This asset presents a strong pro forma with room for value creation, whether through rent increases or stabilization to full occupancy. An excellent option for investors looking to expand their portfolio or acquire a turn-key multifamily asset in a high-demand location.Financial projections are based on current market conditions and seller/broker analysis. Actual results may vary depending on financing terms, operating expenses, turnover, and management practices.
Details
| MLS # | 767595 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 31 |
| Listing Provided By | LPT REALTY LLC | NELSON PADILLA |
Features
Exterior
| Patio And Porch Features | Deck |
|---|
Utilities
| Utilities | Natural Gas Not Available |
|---|
Taxes
| Tax Legal Description | CREEKS EDGE TOWNHOMES LO:48A-48D PL:0058-0127 |
|---|
Area Information
| State | NC |
|---|---|
| County | Cumberland |
| City | Fayetteville |
| Zip Code | 28304 |
| Area | Cumberland |
| Community Name | Creeks Edge |
| Listing VS Median (in Creeks Edge) | |
Price: $300,000 low | high Med: $297,900 On site: 31 low | high Med: 58 | |
Market Activity 28304
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Learn More About This Property
| State | NC |
|---|---|
| County | Cumberland |
| City | Fayetteville |
| Zip Code | 28304 |
| Area | Cumberland |
| Community Name | Creeks Edge |
| Listing VS Median (in Creeks Edge) | |
Price: $300,000 low | high Med: $297,900 On site: 31 low | high Med: 58 | |
