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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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35523560 3552 & 3560 Tart St , Fayetteville, NC 28306
$525,000
Est. Payment: $1,166.67/mo
6 Bed
4 Bath
2250 Sqft
Status: Active | Days on site: 16
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LP35670 - LPeibenx
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House Description

Income-producing investment portfolio consisting of two properties across three parcels with six current month-to-month leases. The single-family residence is rented by the room under four leases at $900, $700, $700 and $700 per month, while the duplex is leased at $1,300 per side. Total scheduled gross rent is $5,600 per month, with seller-reported net operating income of approximately $3,500 per month, or $42,000 annually, after operating expenses. Based on the $525,000 asking price, the property offers an approximate 8% cap rate. The month-to-month leases provide flexibility and may be converted to long-term leases by agreement with the tenants. This corner-lot assemblage also includes an additional vacant parcel that may offer future development potential, subject to zoning, permitting and governmental approvals. Excellent opportunity for immediate income with room for future growth..

Highlights

Listed by NICHOLAS EIBERGER , 910-835-5537 ONNIT REALTY GROUP , 910-835-5537.

Property Type

Residential

Year Built

1955

County

Cumberland

Listing ID

LP768714

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:4
  • Full Bathrooms:4
Floor:Vinyl
Water:Well

Exterior Features

Principal Interest
$1,167
Taxes
$335

Home Price

$525,000

Loan Details

30 yrs
%

Down Payment

20%
$105,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,166.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,166.67 $334.69 $0.00 $1,501.35
Yearly $14,000.00 $4,016.25 $0.00 $18,016.25
Total $420,000.00 $120,487.50 $0.00 $540,487.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fayetteville, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.