1043-1053 Rulnick St - Apartments FOR SALE


Fayetteville, NC 28304- Lake Francis/Drake Park
$2,400,000 USD
336-314-6169
1043-1053 Rulnick St, Fayetteville, NC for Sale
$2,400,000 USD
Apartments - FOR SALE
1/65
null | Request Cap Rate

1043-1053 Rulnick St
Fayetteville, NC 28304
Lake Francis/Drake Park


HIGHLIGHTS

  • 24 Unit Value-Add Multifamily Investment - In-Place Rents ~11% Below Submarket- 16 of the 24 Units Renovated

OVERVIEW

24-Unit Value-Add Multifamily Investment 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 New Roofs 2026 on all 6 buildings Average Rent is $797 plus additional fees for utilities, recent lease at $850/month Strong Submarket Sales Comps — Avg. $94,698/Unit

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

24

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summerlin East Apartment Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

MR5

APN/PARCEL ID

0407-50-6153

ASK ABOUT THIS PROPERTY

Scott BayerMultifamily USAMore Info
336-314-6169

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Scott BayerMultifamily USAMore Info
336-314-6169

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