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1424-1430 Tangora LN Fayetteville, NC 28304
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Creeks Edge
MLS Listing ID 755404
HOA Y/N No
Year Built 1986
Property Sub-Type Quadruplex
Property Description
1424–1430 Tangora Lane is a four-unit property made up of four 2-bed / 1.5-bath units. The property is 75% occupied and currently brings in $2,650 in gross monthly income, with in-place rents sitting below market—creating clear upside for the next owner.
Located just off Raeford Road, the property offers convenient access to major routes throughout Fayetteville, which helps support consistent rental demand. Based on projected rents of $1,000 per unit, and assuming 20% down, an 18% expense factor (vacancy, capex, management), along with monthly HOA dues, the property is projected to produce approximately $649 in monthly net cash flow, or $7,796.88 annually. This equates to an estimated 11.14% cash-on-cash return.
With below-market rents and the ability to stabilize the remaining vacancy, this property offers a solid value-add opportunity while still functioning as a largely turn-key asset. A strong fit for investors seeking steady cash flow with room to improve performance in a high-demand area.
Financial projections are estimates based on current market data and seller/broker analysis. Actual results may vary depending on financing structure, operating costs, vacancy, and management strategy.
Located just off Raeford Road, the property offers convenient access to major routes throughout Fayetteville, which helps support consistent rental demand. Based on projected rents of $1,000 per unit, and assuming 20% down, an 18% expense factor (vacancy, capex, management), along with monthly HOA dues, the property is projected to produce approximately $649 in monthly net cash flow, or $7,796.88 annually. This equates to an estimated 11.14% cash-on-cash return.
With below-market rents and the ability to stabilize the remaining vacancy, this property offers a solid value-add opportunity while still functioning as a largely turn-key asset. A strong fit for investors seeking steady cash flow with room to improve performance in a high-demand area.
Financial projections are estimates based on current market data and seller/broker analysis. Actual results may vary depending on financing structure, operating costs, vacancy, and management strategy.
Location
State NC
County Cumberland
Interior
Interior Features Ceiling Fan(s), Tub Shower
Heating Exhaust Fan
Cooling Central Air, Electric
Flooring Laminate, Luxury Vinyl Plank, Carpet
Fireplace No
Exterior
Water Access Desc Public
Building
Dwelling Type Townhouse
Sewer Public Sewer
Water Public
Schools
Middle Schools Lewis Chapel Middle School
High Schools Seventy-First Senior High
Others
Tax ID 0406-77-2419
Ownership More than a year
Acceptable Financing ARM, Cash, Conventional, 1031 Exchange
Listing Terms ARM, Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by WHITE HOUSE INVESTMENT GROUP
NEARBY SCHOOL & BUSINESS
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