$472,000
Pending

1914 Millan Drive

Fayetteville, NC 28305
#LP733204
Browse 18 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

Description

1914 Millan Drive is a core investment multi-family opportunity located in the N. Fayetteville (Terry Sanford/Haymount) Submarket, one of Fayetteville’s premier locations. The subject property (approx. 2,400 Sq. Ft.) is a well-maintained brick quadraplex (4-units) located on 0.43 acres at the end of a Haymount cul-de-sac. All units are 1 bedroom, 1 bathroom, living room, kitchen and laundry room. There is currently one (newly renovated) vacant unit, which compares very favorably to the market average. For that reason, the pro-forma outlook has a $43,800 gross operating income. Furthermore, the N. Fayetteville (Terry Sanford) submarket boasts a 6.4% avg. market cap rate and $1,024 avg. monthly rent for 1-bedroom units, leaving room here for value-add. This pristine quadraplex has been a valued investment and consistently improved. Unit #1 is vacant and recently renovated (rather than re-rented) for the purpose of showings. Units 2-4 are occupied by tenants (leases attached).

  • Property Details
      • InteriorEntrance Foyer, Granite Counters
      • ZoningSF6 - Single Family Res 6
      • Utility FeaturesNatural Gas Available
      • Property TypeMulti-Family
      • CoolingCentral Air
      • Lot FeaturesCul-De-Sac
      • Lot DescriptionCul-De-Sac
      • CountyCumberland
      • Property SubtypeQuadruplex
      • HeatingHeat Pump
      • SubdivisionHaymount
      • MLS #LP733204
      • MLS #LP733204
      • Cost472000
      • Year Built1952

Location

Legal

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Last Updated: . Source: TRIANGLEMLS

Listing Courtesy
Listing Agent: MATTHEW BARRETT (#LPbarrgx)
Listing Office: COLDWELL BANKER ADVANTAGE - FAYETTEVILLE (#LP1090)

Yazmin AguilaReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

Company

Services

Explore

Account

    © 2024 YSA Group | eXp Realty . All rights reserved.
    Website built by CloseHack.

    ​Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {date_updated}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.​

    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Yazmin Aguila

    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.