5840 Aftonshire Dr - Apartments FOR SALE


Fayetteville, NC 28304- Cliffdale
$359,900 USD
910-929-5664
5840 Aftonshire Dr, Fayetteville, NC for Sale
$359,900 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

5840 Aftonshire Dr
Fayetteville, NC 28304
Cliffdale


HIGHLIGHTS

  • Opportunity Zone
  • Section 8 Approved
  • Attractive financial metrics (Cap Rate, GRM, Cash-on-Cash)
  • Low monthly operating costs (HOA)
  • Proximity to shopping, schools, parks, medical centers, and military bases
  • Recently Renovated Within The Last 5 Years

OVERVIEW

Seller Financing Opportunity | Opportunity Zone Investment Prime investment opportunity featuring a 4-unit townhouse complex conveniently located just off Raeford Road. The property is ideally positioned near shopping, dining, schools, daycare facilities, and churches, supporting strong and consistent tenant demand. Offered as-is and priced to sell, each unit has been renovated within the past five years, making this a turnkey asset ready for immediate occupancy. Current market rents range from $950–$1,100 per unit, demonstrating solid income potential. HOA dues are $40 per door per month. This offering represents one of two quad properties available, providing flexibility for investors looking to expand or scale their portfolio. Investment Highlights (Estimates): Estimated Monthly Rent: $4,100 (based on $1,025 per unit) Estimated Annual Gross Rent: $49,200 Estimated Annual NOI: approximately $33,600 (assuming a 30–32% operating expense ratio inclusive of HOA, vacancy, management, maintenance reserves, taxes, and insurance) Cap Rate: approximately 9.3% Gross Rent Multiplier (GRM): approximately 7.3 Rent-to-Price Ratio: approximately 1.14% Cash-on-Cash Return (25% down): approximately 9.0%, dependent on financing terms All financial figures are estimates only and based on current market conditions and publicly available data. Actual performance may vary due to vacancy, tenant turnover, operating expenses, financing terms, and management decisions. Buyers are encouraged to perform their own due diligence, including inspections, rent roll verification, and independent financial analysis. Swanky Nests, LLC makes no guarantee of future performance and is not acting as a financial advisor.

FOR SALE DETAILS

PRICE

$359,900 USD

PRICE/SF

$90 USD /SF

# OF UNITS

4

PRICE/UNIT

$89,975

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aftonshire Quad-2 Buildings Available

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,276 SF

ZONING

SF6

APN/PARCEL ID

0406-77-6720

ASK ABOUT THIS PROPERTY

Lindsey PelaezSwanky Nests, LLCMore Info
910-929-5664

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Lindsey PelaezSwanky Nests, LLCMore Info
910-929-5664

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