35523560 Tart ST, Fayetteville, NC 28306
35523560 Tart ST, Fayetteville, NC 28306
35523560 Tart ST, Fayetteville, NC 28306
35523560 Tart ST, Fayetteville, NC 28306
35523560 Tart ST, Fayetteville, NC 28306
35523560 Tart ST, Fayetteville, NC 28306
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Cristina Sanchez

Cristina Sanchez

+1(919) 230-9118
Listed by ONNIT REALTY GROUP
$ 460,000
Est. payment | /mo

6 Beds

4 Baths

2,250 SqFt

Save
$ 460,000
Est. payment | /mo
Save

6 Beds

4 Baths

2,250 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,250 sqft

Price per Sqft $204

MLS Listing ID LP772346

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1955

Property Sub-Type Single Family Residence

Source Doorify MLS

Land Area 2250

Property Description

Income-producing investment portfolio consisting of two properties across three parcels with six current month-to-month rental agreements. The four-bedroom residence at 3560 Tart Street is rented by the room at $800, $600, $400 and $500 per month. The duplex at 3552 Tart Street is occupied at $325 per week per side. Based on the current rent schedule, the portfolio generates approximately $61,400 in annual gross income, averaging approximately $5,117 per month. The seller reports net operating income of approximately $3,500 per month, or $42,000 annually, after operating expenses. Based on the asking price, the property offers an estimated 8.4% cap rate. The month-to-month agreements provide flexibility and may be converted to long-term leases by agreement with the occupants. This corner-lot assemblage also includes an additional vacant parcel that may offer future development potential, subject to zoning, permitting and governmental approvals. Excellent opportunity for immediate income with room for future growth. Buyer to independently verify all income, expenses, leases, square footage and development potential.

Location

State NC

County Cumberland

Interior

Flooring Luxury Vinyl

Fireplaces Number 1

Fireplace Yes

Exterior

Garage No

Building

Story One

Water Well

New Construction No

Others

Tax ID 0424-78-4687, 0424-78-4651, & 0424-78-4524

Doorify MLS

NEARBY SCHOOLS & PROPERTIES

Cristina Sanchez

+1(919) 230-9118

cristina@waltersteam.com

526 E Nash Street, Hope, NC 27882

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