21 Unit (7 Triplexes) Portfolio

Fayetteville, NC 28303

Fayetteville
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,225,000
Cap Rate:
7.80%
Last Verified:
Oct 25, 2022

VALUE ADD INVESTOR SPECIAL!! 7 TRIPLEX PACKAGE - LAKE VALLEY SUBDIVISION - All units are 1bd/1ba. 21 units in total. Some units have been renovated. Market rents $700 which leaves ample room for value added to the new owner. This portfolio is professionally managed. Affordable housing/Section 8 eligible. Each triplex is individually parcelled which increases flexibility for the new owner. The seller would like to sell them as a package but will consider selling triplexes individually for $175,000.

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Map of Fayetteville, NC, 28303

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.