Property Summary
- 3 Bedrooms / 1 Full Bathroom
- Approx. 1,077 sq ft of living space
- Lot size: ~5,663 sq ft
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- Built in 1950
- Located in a quiet residential neighborhood within Fayetteville city limits (zip 28301)
- Vacant at closing – Clear and marketable title
This property is perfect for a rental investor or fix-and-flip buyer looking for equity upside in an appreciating market. Fayetteville is a strong rental market due to the presence of Fort Liberty (formerly Fort Bragg), consistent tenant demand, and affordable price points.
Rehab Snapshot
We’re estimating a medium-level rehab with a projected budget of ~$32,000:
- Roof likely due for replacement
- Interior cosmetic refresh: floors, kitchen, bathroom, paint
- HVAC, electrical, and plumbing systems should be reviewed and updated as needed
- Windows and exterior may need minor attention
Additional $5K for holding, closing, and contingency is suggested for conservative investors.
Comparable Sales (ARV)
Local comps within zip 28301 show a clear path to strong resale value post-rehab:
- 2342 Lake Ave – Sold for $86,000 (1,066 sq ft, 3/1.5)
- 200 Pennsylvania Ave – Sold for $125,000 (2/1, 696 sq ft – nicely renovated)
- 509 Mann St – Sold for $79,900 (1,053 sq ft, 3/2)
- 310 Brookwood Ave – Sold for $50,100 (970 sq ft, nearby location, investor-grade)
Conservative ARV: ~$100,000 — with potential upside up to $115K+ depending on finishes and layout improvements.
Investor Strategy & Exit
This deal pencils for either a buy & hold rental investor or a light flip strategy. The $45K entry price allows strong margin below market value. Nearby rents for similar 3-bed homes range from $1,050–$1,200/mo.
Take advantage of low inventory in this submarket – this asset won’t last long.