100-102 Twin Acres Dr - Apartments FOR SALE


Fayetteville, NC 28303- Terry Sanford
$585,000 USD
910-321-7965
100-102 Twin Acres Dr, Fayetteville, NC for Sale
$585,000 USD
Apartments - FOR SALE
1/46
null | 6.59% Cap Rate

100-102 Twin Acres Dr
Fayetteville, NC 28303
Terry Sanford


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

5

PRICE/UNIT

$117,000

CAP RATE

6.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

0417-91-6674,0417-91-7773

ASK ABOUT THIS PROPERTY

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910-321-7965

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Alex TownsendTownsend CommercialMore Info
910-321-7965

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.