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100-102 Twin Acres Dr 5 Unit Apartment Building $585,000 ($117,000/Unit) 6.59% Cap Rate Fayetteville, NC 28303
Executive Summary
Rare opportunity to acquire a fully occupied, income-producing 5-unit portfolio in Fayetteville, NC — offered at an estimated 6.59% cap rate with $38,542 in annual net operating income. The offering includes a quadplex at 100 Twin Acres Drive and a detached one-bedroom cottage at 102 Twin Acres Drive, conveying together on one transaction. All five units are leased with leases in place through 2027, providing immediate cash flow for the incoming owner.
The quadplex (100 Twin Acres Dr, built 1962) features four apartments totaling 4,624 square feet across a mix of one- and two-bedroom floor plans. The detached cottage (102 Twin Acres Dr, built 1950) is a charming one-bedroom, one-bathroom residence totaling 706 square feet. Combined gross monthly rent is $5,552 ($66,624 annually).
The owner has invested substantially in both properties in recent years. Notable improvements include: complete gut renovation of the cottage (2025) with new mini-split HVAC, LVT flooring, oak kitchen cabinets, new bathroom fixtures, and full exterior repaint; complete renovation of Apt C (2021) including new kitchen, new bathrooms, new flooring, and new windows; new roofs on Apt C (2019) and Apt E (2019); new windows throughout multiple units (2025–2026); major site drainage and grading work ($26,000, 2023); and extensive cosmetic updates across all units. Roofs on Apts A and B were replaced approximately 2012.
Tenants pay electric, gas, and internet. Water at 102 Twin Acres Dr is tenant-paid. Owner expense load is lean — property taxes, insurance, lawn care, water at the quadplex, pest treatment, and management total approximately $28,082 annually.
Fayetteville's rental market is anchored by Fort Bragg, one of the largest military installations in the United States, providing stable, year-round tenant demand.
The quadplex (100 Twin Acres Dr, built 1962) features four apartments totaling 4,624 square feet across a mix of one- and two-bedroom floor plans. The detached cottage (102 Twin Acres Dr, built 1950) is a charming one-bedroom, one-bathroom residence totaling 706 square feet. Combined gross monthly rent is $5,552 ($66,624 annually).
The owner has invested substantially in both properties in recent years. Notable improvements include: complete gut renovation of the cottage (2025) with new mini-split HVAC, LVT flooring, oak kitchen cabinets, new bathroom fixtures, and full exterior repaint; complete renovation of Apt C (2021) including new kitchen, new bathrooms, new flooring, and new windows; new roofs on Apt C (2019) and Apt E (2019); new windows throughout multiple units (2025–2026); major site drainage and grading work ($26,000, 2023); and extensive cosmetic updates across all units. Roofs on Apts A and B were replaced approximately 2012.
Tenants pay electric, gas, and internet. Water at 102 Twin Acres Dr is tenant-paid. Owner expense load is lean — property taxes, insurance, lawn care, water at the quadplex, pest treatment, and management total approximately $28,082 annually.
Fayetteville's rental market is anchored by Fort Bragg, one of the largest military installations in the United States, providing stable, year-round tenant demand.
Property Facts
| Price | $585,000 | Apartment Style | Townhome |
| Price Per Unit | $117,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.00 AC |
| Cap Rate | 6.59% | Building Size | 5,330 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Price | $585,000 |
| Price Per Unit | $117,000 |
| Sale Type | Investment |
| Cap Rate | 6.59% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 5,330 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 706 - 1,094 |
| 2+1 | 1 | - | 1,191 |
| 2+2.5 | 1 | - | 1,288 |
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Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
20/100
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100-102 Twin Acres Dr