Multiple 18 UNITS on McIver & Italy St. Street, Fayetteville, NC 28301

Property Description

5 Sgl Family Homes; 3 Duplexes; 1 TriPlex; 1 Quadplex: 10 Buildings/18 Units -All identical units, 2BR 1BATH. 1600 sq. ft. duplexes, 2400 sq. ft. triplexes, 3200 sq. ft. quadplexes. All built between 1997-2008. -3 BR 1 BATH houses built between 1997-2004. All built on slabs with either vinyl or cement siding, one story. -Self management from inception. -Current Gross Revenue $180,000/yr. 100% occupied. ***Rent increase to be implemented 12/25 which will boost Revenue to $212,400 for 2026. -2024 Taxes, Insurance, Repairs, Lawn Care $32,500. -No Rehabs, no vacancies as of 7/25 -Some Tenants have been there over 15 years. -All trash picked up by the city. -Electric, water, & sewer (PWC) paid by Tenants. -All 1 year leases then Month to Month after.