5742 Gregory StFayetteville, NC 28311

Property Details for 5742 Gregory St

Property size (Sq ft)

9,380 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional Fayetteville, NC investment opportunity presents a 14-unit multifamily portfolio comprising six buildings on two adjacent parcels totaling 9,380 square feet. The property, located at 5742 Gregory St & 1153 Tammy St, offers a compelling value-add proposition with a current NOI of $62,728 and a 6.60% cap rate. The portfolio includes ten units in two quadruplexes and one duplex on one parcel, with three units requiring minor renovations. The second parcel features two single-family homes and one duplex, providing diverse rental configurations and further value-add potential. Currently operating at 93% occupancy, the property benefits from below-market rents, presenting immediate opportunities for income growth. The strategic location near major roads (Yadkin Road, Skibo Road, Bragg Boulevard, and 295) and local amenities ensures strong tenant demand. The dual-parcel configuration allows for flexible exit strategies, catering to various investment goals, from long-term cash flow to staged sales. This Class C property, owned for over a year, represents a strong investment opportunity for those seeking both immediate cash flow and significant long-term appreciation. The asking price is $950,000.

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.1115

Longitude

-78.9356

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