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.