$1,650,000
About this home
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!
Property details
- MLS #
- 10186622
- Property type
- Apartment
- Subdivision
- Not in a Subdivision
- Status
- Active
- Days on market
- 13
- On market date
- August 15, 2026
- Stories
- N/A
- Total bathrooms
- 21
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 1.7 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 185
- Student:teacher ratio
- 9.3:1
- District
- Cumberland County Schools
- Enrollment
- 607
- Student:teacher ratio
- 13.8:1
- District
- Cumberland County Schools
- Enrollment
- 246
- Student:teacher ratio
- 18.9:1
- District
- Cumberland County Schools
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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 2 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.