Welcome to this excellent investment opportunity! This his 4 bedroom 2 bathroom property has the potential to generate significant rental income, making it an ideal investment for savvy investors. Located in the Terry Sanford School district, this property offers a spacious layout, and a backyard perfect for entertaining guests or relaxing with family. With previous rental income of $1400 per month and potential for even higher returns, this property is a must-see for any investor looking to expand their portfolio. That's $16,800 per year and if you do the math providing a cap rate of 10% at the current list price! Don't miss out on the opportunity to make this your next successful investment! Large size lot located on a dead end street in the city limits. Property being sold as is. Seller will consider repairs required by an appraisal if any. No permits on record. Home is in a 500 year flood plain.
Property Type :
Residential
Subdivision :
Fayetteville
County :
Cumberland
Style :
Residential
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ByOwner last updated this listing 05/04/2024 @ 14:00
MLS: LP714916
LISTED BY: TRACEY, ELEVATE REAL ESTATE PARTNERS
SOURCE: Longleaf Pine Realtors
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
