8 UNITS IN FAYETTEVILLE, NC

1 / 24

Price:

$525,000

Status:

Sold

Address:

302 Law Rd, Fayetteville, NC 28311, USA

Overview:

SOLD 2/28/2022 FOR $525,000
$65,625 per unit

Deaton Investment Real Estate was the exclusive listing broker for the seller and was the sole broker on this transaction. This property is located off Ramsey Street, about a mile south of Methodist University in Fayetteville, convenient to multiple dining, shopping, employment and entertainment centers. Built in 1971, the property features eight, identical, two-bedroom, townhome-style units and a common laundry room. With three vacant units, the buyer can add value and realize immediate income upside with strategic renovations.

Watch Video Tour – Unit D

Watch Video Tour – Unit H

Link to Tax Records

Unit Information

Unit	Type	Size	Lease	Rent
302-A	2BD/1.5BA	900 SF	6/06/2022	$525
302-B	2BD/1.5BA	900 SF	VACANT	$750 (MARKET)
302-C	2BD/1.5BA	900 SF	3/11/2022	$570
302-D	2 BD/1.5 BA	900 SF	VACANT	$750 (MARKET)
302-E	2 BD/1.5 BA	900 SF	MONTH-TO-MONTH	$410
302-F	2 BD/1.5 BA	900 SF	MONTH-TO-MONTH	$550
302-G	2 BD/1.5 BA	900 SF	MONTH-TO-MONTH	$535
302-H	2 BD/1.5 BA	900 SF	VACANT	$750 (MARKET)

Property Information

PIN	0439-74-1653	Tax Value	296000
Taxes	$4,203.56	Lot Size	0.66 ACERS
Year Built	1971	Exterior	BRICK & VINYL
Floors	CARPET, VINYL	Foundation	CRAWL
HVAC	CENTRAL AIR, HEAT PUMPS	Owner Financing	NONE
Utilities	INDIVIDUALLY METERED	Appliances	RANGE, REFRIGERATOR
Legal Description	APTS LO4 BL00000	Zoning	SF10
Sold Date	02/25/2022

Print this Property

Agent Information

Thomas T Furlow