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Listed by LPT REALTY LLC
$ 300,000
Est. payment | /mo
$ 300,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Creeks Edge
MLS Listing ID LP767595
HOA Y/N No
Year Built 1985
Property Sub-Type Quadruplex
Source Doorify MLS
Property 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.
Location
State NC
County Cumberland
Community Creeks Edge
Interior
Flooring Luxury Vinyl
Fireplace No
Exterior
Utilities Available Natural Gas Not Available
Garage No
Building
New Construction No
Others
Tax ID 0406-77-5358.000
NEARBY SCHOOL & BUSINESS
5966 Fairview Rd, Suite 400, Charlotte, NC 28210, United States