14
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Listed by LPT REALTY LLC
$185,000
Est. payment /mo
Active
17331737 Cumberland DR Fayetteville, NC 28311
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID LP763808
HOA Y/N No
Year Built 1941
Property Sub-Type Duplex
Source Doorify MLS
Property Description
1733/1737 Cumberland Drive presents an excellent opportunity to acquire a well-positioned duplex in a highly convenient Fayetteville location. The property consists of two 2-bedroom, 1-bathroom units, each offering approximately 714 square feet of living space. With one unit currently vacant and the other occupied, buyers have the flexibility to immediately place a tenant, owner-occupy one side while collecting rental income, or reposition the asset to maximize returns.Conveniently located just outside Honeycutt Gate and off McArthur Road, the property offers quick access to Fort Bragg, Downtown Fayetteville, Ramsey Street, and I-295, making it an attractive option for tenants seeking accessibility throughout the area.Whether you're a first-time investor looking to enter the multifamily space or a seasoned investor expanding your portfolio, this duplex offers strong upside potential. Based on projected rents of $1,000 per unit, 20% down financing, and an estimated 18% expense ratio (including maintenance, vacancy, and property management), the property is projected to generate approximately $327 per month in net cash flow, or $3,929 annually, equating to an estimated 10% cash-on-cash return.With opportunities to increase rents and build long-term wealth through appreciation and loan paydown, this asset offers a compelling investment profile. Schedule your showing today and explore the potential this investment property has to offer.Financial projections are based on current market conditions and broker analysis. Actual results may vary based on financing terms, operating expenses, management practices, vacancy, and tenant turnover.
Location
State NC
County Cumberland
Zoning R6A - Residential Distric
Interior
Interior Features Ceiling Fan(s)
Cooling Central Air
Flooring Luxury Vinyl
Fireplace No
Exterior
Utilities Available Natural Gas Not Available
Garage No
Building
New Construction No
Others
Tax ID 0520-48-8885.000
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