Claremont Hills is a 19-unit community featuring five, single-story, brick buildings situated around a quiet cul-de-sac in a neighborhood with mostly single-family homes. Located just two miles from the entrance to Ft. Liberty in the West Cumberland County submarket of Fayetteville, N.C., the property offers convenient access to major employment and retail centers.
Current ownership has invested more than $450,000 in capital improvements since 2022. These improvements include new roofs, resurfacing the parking lot, installing water submeters, interior renovations, and more. At an average cost of $16,000 per unit, the interior renovations include; LVP flooring, stainless steel appliances, updated electrical fixtures, refinished bathrooms and bathtubs, new countertops, and more.
This offering represents a rare opportunity to acquire a stabilized and renovated asset of this size. The property consists of four tax parcels located at 7569, 7572, 7571, and 7570 Faraday Place. The same owner is also offering 32 units nearby for sell.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 19 UNITS | 1 BD/1 BA | 650 SF | $875 + $114 FEES |
| PIN | 0948-49-2680, -1467, -1642, -1743 |
| Tax Value | $463,600 (Scheduled for revaluation in 2025) |
| Taxes | $7,285.27 (Scheduled for revaluation in 2025) |
| Lot Size | 2.12 ACRES |
| Year Built | 1971 & 1972 |
| Exterior | BRICK, WOOD |
| Floors | LVP |
| Foundation | CRAWL |
| HVAC | WINDOW A/C, BASEBOARD HEAT |
| Utilities | WATER IS SUBMETERED |
| Legal Description | SEE TAX RECORDS |
| Appliances | RANGE, REFRIGERATOR, MICROWAVE, DISHWASHER, STACK WASHER & DRYER CONNECTIONS |
| Zoning | SF-10 |
Agent Information Thomas T Furlow