Turnkey Six-Unit Multifamily
1001 W Orange St Fayetteville, NC 28301
1001 W Orange St, Fayetteville, NC, 28301
$549,000
For Sale
$549,000
Fully renovated six-unit property with new roof, mini-split HVAC, and updated interiors for hands-off ownership.
Days on Market23
Property Features for 1001 W Orange St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1953
Listing agency
GRANT-MURRAY REAL ESTATE LLC.
(910) 797-1910
Listed by
Steve Hogan · License #214644
(910) 797-1910
Source
Grantmurrayre
Added: Jun 29 Updated: Jul 10 at 2:09PM Checked: Jul 21 at 6:34AM
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
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
