210 Colonial Dr, Fayetteville, NC 28301

Property Description

24-Unit Multifamily Investment Opportunity | Fayetteville, NC Exceptional 24-unit colonial-style multifamily portfolio offering strong, turnkey cash flow with immediate value-add potential. Comprising two adjacent parcels being sold together, this property features an optimal unit mix of 12 one-bedroom and 12 two-bedroom floor plans. Investment Highlights Extensively Remodeled: 22 of the 24 units have been fully renovated, providing a turnkey operational foundation. Immediate Value-Add Upside: Only two units (#15 and #16) remain in original condition, ready for modern updates upon vacancy to maximize rent rolls. Strong, Consistent Cash Flow: Units currently generate steady income renting at approximately $789 per unit. Unit Mix: Balanced distribution (12 one-bedroom / 12 two-bedroom units) catering to broad market demand. Strategic Location: Desirable Fayetteville, NC location near major employers, retail, and transit. Property Note / CapEx: Roof Replacement: The colonial property has a new roof August 2026! There are four vacant units that can be viewed, 2 at Colonial and 2 Fayette. $300,000 in renovations!