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Pilot Avenue Apartments 812-830 Pilot Ave 12 Unit Apartment Building $1,499,998 ($125,000/Unit) 6.93% Cap Rate Fayetteville, NC 28303
EXECUTIVE SUMMARY
Turnkey 12-Unit Townhome Portfolio | Fayetteville, NC | $1.55M | 6.7% Cap Investor-ready and professionally managed, this 12-unit townhome package features strong income, low expenses, and built-in upside. Currently bringing in over $140K in annual gross rents fully occupied with one current vacancy for viewing and several units under market, this stabilized asset is priced at a 6.7% cap rate with $104K NOI.
* 2 Airbnb units + pet fee income (additional option for coin based laundry as well.)
* Nearly $100K in recent upgrades
* Tenants pay trash & utilities for 2 bed units and 2 of the (1) bed units
* Townhome-style = future fee simple exit potential
* Strong demand near Fort Bragg
* Room to raise rents. Easy to manage. Great for in-state or out-of-state investors.
* 2 Airbnb units + pet fee income (additional option for coin based laundry as well.)
* Nearly $100K in recent upgrades
* Tenants pay trash & utilities for 2 bed units and 2 of the (1) bed units
* Townhome-style = future fee simple exit potential
* Strong demand near Fort Bragg
* Room to raise rents. Easy to manage. Great for in-state or out-of-state investors.
PROPERTY FACTS
| Price | $1,499,998 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 6.93% | Average Occupancy | 67% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 4/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Bragg Blvd |
| Zoning | R5A | ||
| Price | $1,499,998 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 6.93% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 4/1,000 SF |
| Cross Streets | Bragg Blvd |
| Zoning | R5A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 2+1 | 8 | - | 904 |
1 1
PROPERTY TAXES
| Parcel Number | 0428-70-0366 | Improvements Assessment | $257,412 |
| Land Assessment | $60,000 | Total Assessment | $317,412 |
PROPERTY TAXES
Parcel Number
0428-70-0366
Land Assessment
$60,000
Improvements Assessment
$257,412
Total Assessment
$317,412
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Swanky Nests, LLC
Pilot Avenue Apartments | 812-830 Pilot Ave
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