817 Ridge Rd - Apartments FOR SALE


Fayetteville, NC 28311- Lake Pines
$2,900,000 USD
910-261-3559
817 Ridge Rd, Fayetteville, NC for Sale
$2,900,000 USD
Apartments - FOR SALE
1/37
null | 6.01% Cap Rate

817 Ridge Rd
Fayetteville, NC 28311
Lake Pines


OVERVIEW

Do not miss this outstanding opportunity to own The Hazelbrooke and Oliver Place Apartments featuring 32 units across 8 quadplexes all with 2 bedrooms. 8 units offer nice sized living area, kitchen/dining combo, 2 beds and 1.5 baths, with balcony or patio. The remaining 24 units feature ample living area and kitchen/dining combo on main floor with 2 beds and 1 bath on secondary floor. The exterior of the buildings features attractive brick and updated paint on doors, shudders, and wrought iron. Roofs approximately 8 years old (replaced by previous owner). Storage unit with 8 rentable units for extra income potential. Ample parking space for all 32 units. Significant repairs and upgrades made to the septic pump stations made in 2025. Interior updates for most units include new flooring featuring mostly LVP, fresh paint, updated bathrooms and kitchens. This complex is conveniently situated in North Fayetteville providing easy access to retail stores, restaurants, and Fort Bragg. Proximity to 295 ensures seamless commutes throughout Fayetteville. Call to schedule your initial walkthrough today! To request any further information contact listing agent at 910-426-7492 or 910-261-3559.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

32

PRICE/UNIT

$90,625

CAP RATE

6.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oliver Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

50

LAND DETAILS

LAND ACRES

4.61 AC

LAND SF

200,812 SF

ZONING

R6

APN/PARCEL ID

0429-67-4191

ASK ABOUT THIS PROPERTY

Gil JacobsAlotta PropertiesMore Info
910-261-3559

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Gil JacobsAlotta PropertiesMore Info
910-261-3559

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