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Listed by THE PROPERTY EMPORIUM
$ 300,000
Est. payment /mo
Active
5623 Shenandoah Drive Fayetteville, NC 28304
4 Beds
3 Baths
2,066 SqFt
UPDATED:
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
HOA Y/N No
Abv Grd Liv Area 2,066
Year Built 1974
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Single Family Residence
Source Triangle MLS
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
Rooms
Basement Crawl Space
Interior
Flooring Vinyl
Fireplaces Number 1
Fireplace Yes
Appliance Dishwasher, Range, Refrigerator, Washer/Dryer
Exterior
Garage Spaces 2.0
View Y/N Yes
Garage Yes
Private Pool No
Building
Structure Type Brick Veneer,Frame
New Construction No
Others
Senior Community No
Tax ID 0406730978.000
Special Listing Condition Standard
