2022 A & B Progress Street, Fayetteville, NC 28306
- Added:
- May 5, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 22 at 4:06 pm
Property Features for 2022 A & B Progress Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Rooms
- Laundry Room
- Patio and Porch features
- Patio, Porch
- Interior features
- EatInKitchen, GreatRoom, BathInPrimaryBedroom
- Exterior features
- Porch, Patio
- Standard status
- Pending
- APN
- 0436-03-2534.000
- Size
- 2,988 SF
Taxes and HOA fees
- Tax Description
- DAVID W AYER LO12 SE01 BL15 PL0010-0032
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Carpet, Vinyl
- Building materials
- VinylSiding
- Architectural style
- Other
Listing agent EDDIE TERRY License #147322 (910) 624-4545
Listing office BHHS ALL AMERICAN HOMES #2 6920 CLIFFDALE ROAD, fayetteville, NC (910) 868-1976
Listing date May 5, 2026
Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- New construction duplex: Live in one unit and rent the other for income.
- Each unit features 3 bedrooms and 2.5 bathrooms, totaling 1,494 sq ft of living space.
- Includes modern amenities: granite countertops, stainless steel appliances, and a private bath in the main bedroom.
- Convenient location: close to Cape Fear Valley Medical Center, Crown Coliseum, downtown Fayetteville, shopping, and restaurants.
- Features both a paved driveway and a patio.
- Modern construction with vinyl siding, heat pump, and central air.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.2k | $13.80 |
| − Vacancy | −$2.3k | −$0.76 |
| EGI | $39.0k | $13.04 |
| − OpEx | −$11.7k | −$3.91 |
| NOI | $27.3k | $9.13 |
Alternative Uses
Current Use by Public Records
Map
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.898996
- Latitude
- 35.023621
