5623 Shenandoah Drive Active Save Request In-Person Tour Request Virtual Tour
Fayetteville,NC 28304
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,066 sqft
Price per Sqft $145
Subdivision Arran Lakes
MLS Listing ID LP750449
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1974
Lot Size 0.310 Acres
Property Sub-Type Single Family Residence
Property Description
Investor Special! This 4 bedroom, 2.5 bathroom home is already producing income with a long-term tenant in place at $2,200 per month, generating $26,400 annually under a lease secured through March 2026. Priced at $300,000, this property offers investors a strong return with a gross cap rate of approximately 8.8% and an estimated net cap rate in the 6.8–7% range after typical expenses. Inside, you'll find durable LVP flooring throughout, an updated kitchen with stainless steel appliances, and modernized bathrooms. The home also features a spacious double-car garage, a fenced backyard, and a recently replaced HVAC system for added peace of mind. With steady rental income, attractive returns, and thoughtful updates already completed, this home is a true turnkey investment opportunity.
Location
State NC
County Cumberland
Interior
Flooring Vinyl
Fireplaces Number 1
Exterior
Garage Spaces 2.0
View Y/N Yes
Building
Structure Type Brick Veneer,Frame
New Construction No
Others
Special Listing Condition Standard