MAGNOLIA CROSSINGS – 32 UNITS IN FAYETTEVILLE, NC

PRICE:
$ 3,550,000
STATUS:
Available
ADDRESS:
4414 Blanton Road, Fayetteville, NC, USA
OVERVIEW:

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.

LINK TO TAX RECORDS MAGNOLIA CROSSINGS OFFERING
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

Location Map

MAGNOLIA CROSSINGS – 32 UNITS IN FAYETTEVILLE, NC
Address: 4414 Blanton Road, Fayetteville, NC, USA Price: $ 3,550,000 Unit: 32