5742 Gregory St Fayetteville, NC 28311
- Residential income homes
- 9,380 SF
Current Use by Public Records
- Residential income homes
Property Details for 5742 Gregory St
- Property size
- 9,380 SF
- Property type
- Residential income homes
Description
This exceptional Fayetteville, NC investment opportunity presents a 14-unit multifamily portfolio comprising six buildings on two adjacent parcels totaling 9,380 square feet. The property, located at 5742 Gregory St & 1153 Tammy St, offers a compelling value-add proposition with a current NOI of $62,728 and a 6.60% cap rate. The portfolio includes ten units in two quadruplexes and one duplex on one parcel, with three units requiring minor renovations. The second parcel features two single-family homes and one duplex, providing diverse rental configurations and further value-add potential. Currently operating at 93% occupancy, the property benefits from below-market rents, presenting immediate opportunities for income growth. The strategic location near major roads (Yadkin Road, Skibo Road, Bragg Boulevard, and 295) and local amenities ensures strong tenant demand. The dual-parcel configuration allows for flexible exit strategies, catering to various investment goals, from long-term cash flow to staged sales. This Class C property, owned for over a year, represents a strong investment opportunity for those seeking both immediate cash flow and significant long-term appreciation. The asking price is $950,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.9355661
- Latitude
- 35.1115253
