3454 Rockfish Rd - Apartments FOR SALE


Raeford, NC 28376
$865,000 USD
910-988-4263
3454 Rockfish Rd, Raeford, NC for Sale
$865,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

3454 Rockfish Rd
Raeford, NC 28376


HIGHLIGHTS

  • Surrounded by single-family development.   
  • Located 5 miles from downtown Raeford.

OVERVIEW

Grant-Murray Real Estate is pleased to present for sale the Rockfish Manor Apartments located in the growing Hoke County Submarket of Fayetteville surrounded by single-family development.    Rockfish Manor consists of 4 fullly leased duplexes (8 units) located on 2 acres constructed in 1996.  Each unit measures 1,012 sq. ft. and is two-bedrooms/two-bathrooms.  The current rent roll supports a yearly gross revenue of $92,760.  In March 2025, owner had all new roofs installed and completed deferred maintenance. The property presents a value-add opportunity with current below market rental rates (see Rent Roll below). According to CoStar, the average market rent in the Hoke County Submarket for a two-bedroom unit is $1,380.   Rental rate per unit at the property ranges from $900 to $995 per month and averages $966 per month. The property is also located five (5) miles from downtown Raeford, providing tenants convenient nearby shopping and restaurants.

FOR SALE DETAILS

PRICE

$865,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

8

PRICE/UNIT

$108,125

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ALL NEW ROOFS AND DEFERRED MAINTENANCE 2025

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

RA-20

APN/PARCEL ID

494550001206,494650301036

ASK ABOUT THIS PROPERTY

Richard Fox IIIGrant-Murray Real Estate LLCMore Info
910-988-4263

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Richard Fox IIIGrant-Murray Real Estate LLCMore Info
910-988-4263

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