Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    130 Fairway Ave Southern Pines, NC 28387

    Sponsored
    For Sale
    $3,650,000

    38 Studio Units, Prime Southern Pines Location

    Property size:
    13,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a portfolio of 38 fully occupied studio residences situated on a 4.88-acre lot in Southern Pines, North Carolina. Located at 130 Fairway Ave, this property offers a compelling 7.00% cap rate and boasts a 100% occupancy rate. The portfolio, priced at $3,650,000 ($96,052.63 per unit), comprises a controlling interest in the Hyland Hills Motor Lodge Homeowners Association. The 13,300 square foot property, built in 1973, is zoned RM-1 (Residential Single & Multi-Family), with a portion situated in the Urban Transition Highway Corridor, providing significant development potential. Each studio residence features a private outdoor patio, enhancing rental appeal. The property's prime location, just off US Highway 1 and adjacent to the prestigious Hyland Hills Golf Club (designed by Michael Gleason and Tom Jackson), ensures high demand and strong rental income. Minutes from downtown Southern Pines, residents enjoy convenient access to local amenities. This single-story complex represents a rare chance to acquire a well-performing, high-occupancy multifamily investment in a thriving market with strong demand for affordable rental housing. The property's history as short-term rentals, later converted to studio residences, adds to its unique investment appeal. This is a turnkey investment ready to generate immediate income. The property's multiple APNs reflect its unique ownership structure within the larger community.

    Property Features for 130 Fairway Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    13,300 SF
    Lot Size
    212,573 SF

    Building Details

    Year Built
    1973
    Stories
    1
    Units
    38

    HighLights

    • 38 fully occupied studio residences on a 4.88‑acre lot in Southern Pines, NC.
    • 7.00% cap rate and 100% occupancy.
    • $3,650,000 asking price ($96,052.63 per unit).
    • 13,300 sq ft building on RM‑1 zoned land, with development potential.
    • Prime location near US Hwy 1 and Hyland Hills Golf Club.
    Property Profile Location Intelligence

    Current Use by Public Records

    Highland Hills HOA Apartment Building

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Department Store Garden Center Cafe & Coffee Shop Veterinary Clinic Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Southern Pines
    County
    Moore
    State
    North Carolina
    Longitude
    -79.3430041
    Latitude
    35.2055689

    Nearby Comparable

    • $1,060,950
      6.43 Acres

      Prime Commercial Land on US-1

      Commercial property on US-1 with high traffic and development potential.
      Us-1, Vass, NC 28394
      View Details
    • $1,060,950
      6.43 Acres

      Commercial Land on US-1 Highway

      Prime commercial land with high traffic count in Vass, NC.
      Us-1, Vass, NC 28394
      View Details
    • $394,000
      7.88 Acres

      Southern Pines Industrial Land Available

      7.88 acres of industrial land for sale in Southern Pines.
      200 Grannys Ln, Southern Pines, NC 28387
      View Details
    • $325,000
      Pending

      Prime Commercial Land in Vass

      Commercial property in a growing area with multiple uses.
      5115 Us 1, Vass, NC 28394
      View Details
    • $500,000
      Pending

      Commercial Land in Vass, NC

      Prime commercial property in a growing area with multiple uses.
      5105 Us 1, Vass, NC 28394
      View Details
    • $120,000
      0.47 Acres

      Industrial Land in Southern Pines

      Half-acre industrial lot near Southern Pines Brewery.
      520 Air Tool Dr, Southern Pines, NC 28387
      View Details

    Nearby Similar for Sale

    • $599,000
      2,471 SF

      Southern Pines Duplex Investment Opportunity

      Charming duplex in Southern Pines, great investment with updated units.
      264 E Indiana Ave, Southern Pines, NC 28387
      View Details
    • $630,000
      2,490 SF

      Renovated Duplex Near Downtown Southern Pines

      Renovated duplex near downtown Southern Pines with investment potential.
      145 E Vermont Ave, Southern Pines, NC 28387
      View Details
    • $270,000

      Pinehurst Golf-Front Condo Investment

      Fully furnished, turn-key condo approved for short-term rentals.
      10 Pne Tree Rd, Southern Pines, NC 28387
      View Details
    • $2,500,000
      7,500 SF

      Southern Pines Shopping Center

      Prime retail center, high occupancy.
      206 Commerce Ave, Southern Pines, NC 28387
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 38 Studio Units, Prime Southern Pines Location
    Where is this multifamily property located?
    The property is located at 130 Fairway Ave Southern Pines, NC.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: 38 fully occupied studio residences on a 4.88-acre lot in Southern Pines, NC.; 7.00% cap rate and 100% occupancy.; $3,650,000 asking price ($96,052.63 per unit).
    (910) 684-5353
    Request Owner's contact information
    130 Fairway Ave Southern Pines, NC 28387
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    130 Fairway Ave
    Southern Pines, NC 28387
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    130 Fairway Ave Southern Pines, NC 28387
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.