MAGNOLIA CROSSINGS – 32 UNITS IN FAYETTEVILLE, NC
Magnolia Crossings is a 32-unit, garden-style community, featuring 100% renovated two-bedroom units. Located in the West Cumberland submarket of Fayetteville, N.C. the property offers convenient access to major employment and retail centers.
Current ownership has invested more than $750,000 in capital improvements since 2022. These improvements include new roofs, interior renovations to every unit, landscaping, signage and more. At an average cost of $20,000 per unit, the interior renovations include; LVP flooring, appliances, granite countertops, updated electrical fixtures, refinished bathrooms and bathtubs, and more.
Additionally, a prior owner replaced all the windows in 2003 and in 2013 the central air HVAC units were upgraded to R410A systems. This offering represents a rare opportunity to acquire a stabilized and 100% renovated asset of this size. The same owner is also offering 19 units nearby for sell.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 32 UNITS | 2 BD/1.5 BA | 990 SF | $1,025 + $114 FEES |
PROPERTY INFORMATION
| PIN | 0418-77-3856 |
| Tax Value | $1,235,400 (Scheduled for revaluation in 2025) |
| Taxes | $17,759.83 (Scheduled for revaluation in 2025) |
| Lot Size | 1.98 ACRES |
| Year Built | 1975 |
| Exterior | WOOD, T1-11 |
| Floors | CARPET, VINYL |
| Foundation | SLAB |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | OWNER PAYS TRASH AND AREA LIGHTS |
| Legal Description | VANCE & LATTIE C BLANTON LOPT LT 8 SE01 PL0013-0029 |
| Appliances | RANGE, REFRIGERATOR, MICROWAVE, DISHWASHER, WASHER & DRYER CONNECTION |
| Zoning | MR-5 |
Agent Information Thomas T Furlow
Location Map
MAGNOLIA CROSSINGS – 32 UNITS IN FAYETTEVILLE, NC
