1001 W Orange St, Fayetteville, NC 28301

Building Details

Year Built

1953

Listing office GRANT-MURRAY REAL ESTATE, LLC. s***@grantmurrayre.com Show Phone

Listing date Jun 29, 2026

Source Grantmurrayre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of GRANT-MURRAY REAL ESTATE, LLC.

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Overview

This fully renovated six-unit multifamily building is presented as a turnkey investment with 100% occupancy. The renovation program includes a new roof, replacement windows, exterior paint, mini-split HVAC systems, updated cabinetry and countertops, new flooring, and modern lighting fixtures throughout the units. Interior improvements are complemented by additional upgrades noted as part of a comprehensive scope, with the goal of reducing future capital expenditures.

The property is currently operating with strong day-to-day stability as reported in the offering materials, generating $70,752 in gross annual income and $52,260 in net operating income. The remarks also indicate no deferred maintenance and that the units are professionally maintained.

For investors or buyers seeking a low-maintenance addition to their portfolio, this asset offers updated building systems and completed interior renovations across all six units. The provided financial snapshot supports the stated 9.5% cap rate and is intended to reflect immediate income generation with ongoing operating costs consistent with current performance. Buyers can evaluate the property as-is based on the completed improvements, current occupancy, and reported income and NOI figures.

Suggested Use

Cafe & Coffee Shop Storage Facility Wine and Liquor Store Tech Support Center Car Rental Facility Cosmetic Store Nursing Home Home Appliance Store Bed & Breakfast Discount Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Fayetteville

County

Cumberland

State

North Carolina

Longitude

-78.8815528

Latitude

35.0683949

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FAQs

What type of property is this?

Apartment building - Fully renovated six-unit property with new roof, mini-split HVAC, and updated interiors for hands-off ownership.

Where is this apartment building located?

The property is located at 1001 W Orange St Fayetteville, NC.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: Fully renovated six‑unit multifamily property built in 1953; 100% occupancy with gross annual income of $70,752 and net operating income (NOI) of $52,260; Strong 9.5% cap rate based on current operations