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Listed by LPT REALTY LLC
$ 350,000
Est. payment /mo
Active
14241430 Tangora LN Fayetteville, NC 28304
UPDATED:
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Creeks Edge
MLS Listing ID LP755404
HOA Y/N No
Year Built 1986
Property Sub-Type Quadruplex
Source Doorify MLS
Property Description
1424–1430 Tangora Lane is a four-unit property made up of four 2-bed / 1.5-bath units. The property is 75% occupied and currently brings in $2,650 in gross monthly income, with in-place rents sitting below market—creating clear upside for the next owner.Located just off Raeford Road, the property offers convenient access to major routes throughout Fayetteville, which helps support consistent rental demand. Based on projected rents of $1,000 per unit, and assuming 20% down, an 18% expense factor (vacancy, capex, management), along with monthly HOA dues, the property is projected to produce approximately $649 in monthly net cash flow, or $7,796.88 annually. This equates to an estimated 11.14% cash-on-cash return.With below-market rents and the ability to stabilize the remaining vacancy, this property offers a solid value-add opportunity while still functioning as a largely turn-key asset. A strong fit for investors seeking steady cash flow with room to improve performance in a high-demand area.Financial projections are estimates based on current market data and seller/broker analysis. Actual results may vary depending on financing structure, operating costs, vacancy, and management strategy.
Location
State NC
County Cumberland
Community Creeks Edge
Zoning SF6 - Single Family Res 6
Interior
Interior Features Bathtub/Shower Combination, Ceiling Fan(s)
Cooling Central Air
Flooring Carpet, Hardwood, Laminate, Luxury Vinyl, Tile, Vinyl
Fireplace No
Exterior
Utilities Available Natural Gas Not Available
Garage No
Building
New Construction No
Others
Tax ID 0406-77-2419
Nearby Locations
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