1914 Millan Drive, Fayetteville NC 28305
$472,000
Active
1914 Millan Drive, Fayetteville NC 28305
MLS#: LP733204
Bedrooms
Bathrooms
Square Feet
0
Acres
Year
1952
DOM
16
Property Type
Residential Income
Sub Type
Quadruplex
Description of 1914 Millan Drive, Fayetteville NC 28305
1914 Millan Drive is a core investment multi-family opportunity located in the N. Fayetteville (Terry Sanford/Haymount) Submarket, one of Fayetteville’s premier locations. The subject property (approx. 2,400 Sq. Ft.) is a well-maintained brick quadraplex (4-units) located on 0.43 acres at the end of a Haymount cul-de-sac. All units are 1 bedroom, 1 bathroom, living room, kitchen and laundry room. There is currently one (newly renovated) vacant unit, which compares very favorably to the market average. For that reason, the pro-forma outlook has a $43,800 gross operating income. Furthermore, the N. Fayetteville (Terry Sanford) submarket boasts a 6.4% avg. market cap rate and $1,024 avg. monthly rent for 1-bedroom units, leaving room here for value-add. This pristine quadraplex has been a valued investment and consistently improved. Unit #1 is vacant and recently renovated (rather than re-rented) for the purpose of showings. Units 2-4 are occupied by tenants (leases attached).
Community Information for 1914 Millan Drive, Fayetteville NC 28305
Address
1914 Millan Drive, Fayetteville NC 28305
Subdivision
Haymount City
Fayetteville County
Cumberland State
North Carolina
Zip Code
28305 Exterior
Roof
Garage Spaces
HOA
Has HOA
No
Interior
Heating
Heat Pump
Cooling
Central Air
# of Fireplaces
0
Additional Information
Date Listed
Oct 9, 2024
Styles
Transitional
Location of 1914 Millan Drive, Fayetteville NC 28305
Interested in 1914 Millan Drive, Fayetteville NC 28305?
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This beautiful home is located at 1914 Millan Drive, Fayetteville NC 28305 and is listed for sale at $472,000.00. This home was built in 1952, contains 0 square feet of living space, and sits on a acre lot. This residential home is priced at $0.00 per square foot and has been on the market since 2024-10-09T00:00:00.000Z.
If you'd like to request a tour or more information on 1914 Millan Drive, Fayetteville NC 28305, please call us at 919-249-8536 so that we can assist you in your real estate search. To find homes like 1914 Millan Drive, Fayetteville NC 28305, you can search homes for sale in Fayetteville or visit the neighborhood of Haymount, or by 28305. We are here to help when you're ready to contact us !
If you'd like to request a tour or more information on 1914 Millan Drive, Fayetteville NC 28305, please call us at 919-249-8536 so that we can assist you in your real estate search. To find homes like 1914 Millan Drive, Fayetteville NC 28305, you can search homes for sale in Fayetteville or visit the neighborhood of Haymount, or by 28305. We are here to help when you're ready to contact us !