210 Colonial DR, Fayetteville, NC 28301
210 Colonial DR, Fayetteville, NC 28301
210 Colonial DR, Fayetteville, NC 28301
22
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Listed by Highgarden Real Estate NC
$1,650,000
Est. payment /mo
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36 Beds
21 Baths
14,000 SqFt
Active

210 Colonial DR Fayetteville, NC 28301

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Timothy Crane

Timothy Crane

+1(848) 203-2232

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 14,000 sqft

Price per Sqft $117

Subdivision Not In A Subdivision

MLS Listing ID 10186622

Bedrooms 36

Full Baths 21

HOA Y/N No

Year Built 1970

Annual Tax Amount $489

Lot Size 1.700 Acres

Acres 1.7

Property Sub-Type Apartment

Source Doorify MLS

Land Area 14000

Property Description

Offer accepted! (awaiting DD) 24-Unit Multifamily Investment Opportunity | Fayetteville, NC Exceptional 24-unit colonial-style multifamily portfolio offering strong, turnkey cash flow with immediate value-add potential. Comprising two adjacent parcels being sold together, this property features an optimal unit mix of 12 one-bedroom and 12 two-bedroom floor plans. Investment Highlights Extensively Remodeled: 22 of the 24 units have been fully renovated, providing a turnkey operational foundation. Immediate Value-Add Upside: Only two units (#15 and #16) remain in original condition, ready for modern updates upon vacancy to maximize rent rolls. Strong, Consistent Cash Flow: Units currently generate steady income renting at approximately $789 per unit. Unit Mix: Balanced distribution (12 one-bedroom / 12 two-bedroom units) catering to broad market demand. Strategic Location: Desirable Fayetteville, NC location near major employers, retail, and transit. Property Note / CapEx: Roof Replacement: The property requires a new roof soon, presenting an opportunity for an incoming investor to complete final capital improvements alongside the renovation of the final two units. There are four vacant units that can be viewed, 2 at Colonial and 2 Fayette.

Location

State NC

County Cumberland

Community Not In A Subdivision

Area 1.7

Zoning MR5

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Open Floorplan

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Concrete, Laminate, Vinyl

Fireplace No

Appliance Range

Exterior

Parking Features Asphalt, Open, Parking Lot, Unassigned

Utilities Available Water Available

Roof Type Architectural Shingle

Garage No

Building

Lot Description Cleared, Few Trees

Story Three Or More

Foundation Slab

Water Community Water

New Construction No

Others

Tax ID 0438549134000

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Doorify MLS

Nearby Locations

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Timothy Crane

Timothy Crane

Realtor | License ID: 313762

+1(848) 203-2232

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210 Colonial DR