100 Twin Acres DR, Fayetteville, NC 28303
100 Twin Acres DR, Fayetteville, NC 28303
100 Twin Acres DR, Fayetteville, NC 28303
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Bri Bolling

Bri Bolling

+1(919) 899-2017
Listed by TOWNSEND REAL ESTATE
$550,000
Est. payment /mo
Save

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID LP764835

HOA Y/N No

Year Built 1950

Property Sub-Type Apartment

Source Doorify MLS

Property Description

100 and 102 Twin Acres Dr. Rare opportunity to acquire a fully occupied, income-producing 5-unit portfolio in Fayetteville, NC — offered at a 7% cap rate with $38,542 in annual net operating income. The offering includes a quadplex at 100 Twin Acres Drive and a detached one-bedroom cottage at 102 Twin Acres Drive, conveying together on one transaction. All five units are leased with leases in place through 2027, providing immediate cash flow for the incoming owner.The quadplex (100 Twin Acres Dr, built 1962) features four apartments totaling 4,624 square feet across a mix of one- and two-bedroom floor plans. The detached cottage (102 Twin Acres Dr, built 1950) is a charming one-bedroom, one-bathroom residence totaling 706 square feet. Combined gross monthly rent is $5,552 ($66,624 annually).The owner has invested substantially in both properties in recent years. Notable improvements include: complete gut renovation of the cottage (2025) with new mini-split HVAC, LVT flooring, oak kitchen cabinets, new bathroom fixtures, and full exterior repaint; complete renovation of Apt C (2021) including new kitchen, new bathrooms, new flooring, and new windows; new roofs on Apt C (2019) and Apt E (2019); new windows throughout multiple units (2025–2026); major site drainage and grading work ($26,000, 2023); and extensive cosmetic updates across all units. Roofs on Apts A and B were replaced approximately 2012.Tenants pay electric, gas, and internet. Water at 102 Twin Acres Dr is tenant-paid. Owner expense load is lean — property taxes, insurance, lawn care, water at the quadplex, pest treatment, and management total approximately $28,082 annually.Fayetteville's rental market is anchored by Fort Bragg, one of the largest military installations in the United States, providing stable, year-round tenant demand.

Location

State NC

County Cumberland

Interior

Fireplace No

Exterior

Utilities Available Natural Gas Not Available

Garage No

Building

New Construction No

Others

Tax ID 0417917773

Read Less Info
Doorify MLS

Nearby Locations

Go tour this home

100 Twin Acres DR

QUICK SEARCH
More
Bri Bolling
Bri Bolling

Broker | License ID: 309787

+1(919) 899-2017 | bri@bollingrealtyinc.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Bolling Realty Inc., including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.