1914 Millan Drive
Fayetteville, NC 28305
- – beds
- – baths
- – sqft
- 1952 build
- – on site
1914 Millan Drive is a core investment multi-family opportunity located in the N. Fayetteville (Terry Sanford/Haymount) Submarket, one of Fayetteville’s premier locations. The subject property (approx. 2,400 Sq. Ft.) is a well-maintained brick quadraplex (4-units) located on 0.43 acres at the end of a Haymount cul-de-sac. All units are 1 bedroom, 1 bathroom, living room, kitchen and laundry room. There is currently one (newly renovated) vacant unit, which compares very favorably to the market average. For that reason, the pro-forma outlook has a $43,800 gross operating income. Furthermore, the N. Fayetteville (Terry Sanford) submarket boasts a 6.4% avg. market cap rate and $1,024 avg. monthly rent for 1-bedroom units, leaving room here for value-add. This pristine quadraplex has been a valued investment and consistently improved. Unit #1 is vacant and recently renovated (rather than re-rented) for the purpose of showings. Units 2-4 are occupied by tenants (leases attached).
Last checked:
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Last updated Nov 19, 2024
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MLS# LP733204 —
The Building
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Year Built:1952
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Levels:Two
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Building Area Units:Square Feet
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
Interior
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Interior Features:Entrance Foyer
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Flooring:Carpet
Room Dimensions
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Living Area Units:Square Feet
Location
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Directions:Use Google Maps / GPS from your location
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Latitude:35.06096
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Longitude:-78.912214
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Coordinates:-78.912214, 35.06096
The Property
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Parcel Number:0427672162
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Property Subtype:Quadruplex
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Property Type:Residential Income
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Lot Features:Cul-De-Sac
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Zoning:SF6 - Single Family Res 6
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View:true
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (704) 223-0242
- Office phone:
- (910) 483-5353
Heating & Cooling
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Heating:Heat Pump
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Natural Gas Available
The Community
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Subdivision Name:Haymount
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Pool Private:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/11/24
Oct 11, 2024
|
Listed / Active | DMLS | $472,000 |
