5801-5807 Aftonshire Drive
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.
Broker Details
LPT REALTY LLC 877-366-2213
MLS ID: PADINX State License Number: 339406
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $300,000 |
| No. of Units: | 4 |
| Year Built: | 1985 |
| Opportunity Zone: | No |
| Price per unit: | $75,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FARNC-767595
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