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Summerlin East Apartment Homes 1043-1053 Rulnick St 24 Unit Apartment Building For Sale Fayetteville, NC 28304
Investment Highlights
- 24 Unit Value-Add Multifamily Investment - In-Place Rents ~11% Below Submarket- 16 of the 24 Units Renovated
Executive Summary
24-Unit Value-Add Multifamily Investment — $2,400,000
Fort Bragg-Anchored Submarket — 9 Miles from Post
Rent Upside: In-Place Rents ~11% Below Submarket Average
Defined Renovation Program — Est. $84,700 in Unit-Turn Capital
Near-Term Upside — 4 Units Awaiting Certificate of Occupancy (Oct. 2026)
Qualified Opportunity Zone Location
Six Buildings on 2.11 Acres — MR5 Zoning
Strong Submarket Sales Comps — Avg. $94,698/Unit
Fort Bragg-Anchored Submarket — 9 Miles from Post
Rent Upside: In-Place Rents ~11% Below Submarket Average
Defined Renovation Program — Est. $84,700 in Unit-Turn Capital
Near-Term Upside — 4 Units Awaiting Certificate of Occupancy (Oct. 2026)
Qualified Opportunity Zone Location
Six Buildings on 2.11 Acres — MR5 Zoning
Strong Submarket Sales Comps — Avg. $94,698/Unit
Property Facts
| Sale Type | Investment | Building Size | 16,800 SF |
| No. Units | 24 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1969/2025 |
| Apartment Style | Garden | Parking Ratio | 1.79/1,000 SF |
| Building Class | C | Cross Streets | Lunar Dr |
| Lot Size | 2.11 AC | Opportunity Zone |
Yes
|
| Zoning | MR5 | ||
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.11 AC |
| Building Size | 16,800 SF |
| Average Occupancy | 96% |
| No. Stories | 1 |
| Year Built/Renovated | 1969/2025 |
| Parking Ratio | 1.79/1,000 SF |
| Cross Streets | Lunar Dr |
| Opportunity Zone |
Yes |
| Zoning | MR5 |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $800.00 | 700 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0407-50-6153 | Improvements Assessment | $555,411 |
| Land Assessment | $44,310 | Total Assessment | $599,721 |
Property Taxes
Parcel Number
0407-50-6153
Land Assessment
$44,310
Improvements Assessment
$555,411
Total Assessment
$599,721
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Summerlin East Apartment Homes | 1043-1053 Rulnick St