🪖Rental Empire Starter: Fort Brag's Golden Opportunity 🎖️

Located just minutes away from the renowned Fort Bragg, this property offers a prime investment opportunity in a high-demand rental area. This townhouse property boasts a spacious 0.5-acre lot with a cozy 3-bedroom, 2.5-bathroom home, perfect for attracting long-term tenants. With its convenient location and potential for rental income, this property presents an ideal addition to any investment portfolio.

PROPERTY OVERVIEW:

• Year Built: 1985
• Square Footage: 1354 sqft
• Lot Size: 0.5 acres
• Bedrooms: 3
• Bathrooms: 2.5

PROPERTY DETAILS:

• Location: Strategically positioned right behind Fort Bragg, in a high-demand rental area.
• Income Potential: Current tenant in place, paying $750 per month, with market rent estimated at $1300/mo.
• Condition:
  • 6-year-old window AC unit.
  • 5-year-old roof.
  • Original windows.
  • Original electrical panel.
• Utilities:
  • Connected to city water & septic system in place.
  • City water hookup needs connection (estimated cost: $1700).
• Exterior: Original siding with a back deck (patched).
• Interior:
  • Carpet in bedrooms (needs replacement, installed 7 years ago).
  • Pergo flooring throughout the living room.
  • Recent bathroom retile, with linoleum flooring in the upstairs bathroom.
  • Kitchen features oak cabinets, black butcher countertops, and a pantry.
• Bathrooms:
  • Bedroom bathroom with tub/shower, single sink (needs new vanity).
  • Main bathroom connected to the main bedroom, with recent updates including retiling, toilet replacement, and subfloor replacement.
• Upstairs:
  • Walk-in closet.
  • Single sink with minor updates.

Investment Analysis $$$:

• With its proximity to Fort Bragg and the steady stream of potential tenants from military personnel and families, this property presents a lucrative investment opportunity.
• The current tenant provides immediate cash flow, while the potential to increase rent to market rates ($1300/mo) offers attractive long-term returns.
• Minor updates and repairs are required, providing scope for value enhancement and increased rental income.

PHOTO LINK

ASKING PRICE: $120K

PREFERRED LENDER LINK

SOLD COMPS: 

6480 Kelmscot Ct, Fayetteville, NC 28303 - SOLD $160K

3 Bed / 3 Bath - 1,633 sqft (279 sqft larger)

868 Danish Dr, Fayetteville, NC 28303 - SOLD $205K

3 Bed / 2 Bath - 1,196 sqft (674 sqft smaller)

6469 Kelmscot Ct, Fayetteville, NC 28303 - SOLD $178K

3 Bed / 3 Bath - 1,348 sqft  (smaller)

PENDING COMPS: 

804 Rumford Pl, Fayetteville, NC 28303 - SOLD $180K

3 Bed / 3 Bath - 1,411 sqft (57 sqft larger)

RENTAL COMPS: 

819 Rumford Pl #819, Fayetteville, NC 28303 - RENT $1500/MO

3 Bed / 3 Bath - 1,411 sqft (57 sqft larger)

*PROPERTY IS DELIVERED VACANT* 

PLEASE CALL TO SCHEDULE SHOWINGS

TENTATIVE CLOSE DATE 5/21/2024