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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 767595
Style Fourplex
HOA Y/N No
Year Built 1985
Property Sub-Type Quadruplex
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.
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
Interior
Interior Features Eat-in Kitchen, Separate/Formal Living Room, Kitchen Exhaust Fan, Laminate Counters, Tub Shower
Cooling Central Air
Flooring Luxury Vinyl Plank
Fireplace No
Exterior
Exterior Feature Deck
Water Access Desc Public
Porch Deck
Building
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Schools
Middle Schools Lewis Chapel Middle School
High Schools Seventy-First Senior High
Others
Tax ID 0406-77-5358.000
Acceptable Financing Cash, Conventional, FHA, New Loan, VA Loan
Listing Terms Cash, Conventional, FHA, New Loan, VA Loan
Listed by LPT REALTY LLC