East Jenkins Portfolio
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East Jenkins Portfolio
2 Multifamily Properties Offered at $560,000 in Fayetteville, NC
Investment Highlights
- Fully occupied with rents ranging from $1,000-$2,000/ month.
- Gross income at $52,800
Executive Summary
Grant-Murray Real Estate is pleased to present for sale 2-duplexes (4 units) contiguously located at 310 E. Jenkins St. and 322 E Jenkins St. in the Southwest Fayetteville Submarket.
Constructed in 2022, the property provides 4-star accommodations to a variety of tenants including health care professionals working at the nearby Cape Fear Valley Center and its associated medical facilities. Each unit measures 890 sq. ft. consists of 2 bedrooms and 2 bathrooms.
The property is fully occupied with rents ranging from $1,000-$1,200 a month and a current gross income at $52,800. The property, however, presents a value-add opportunity with current rents below the $1,307 average market rental rate in the Southwest Fayetteville Submarket for a two-bedroom unit.
The property is located in the Southwest Fayetteville Submarket just 2.5 miles from Cape Fear Valley Medical Center and 3 miles from the All-American Express Way, providing tenants convenient access to major roads and shopping in and around Fayetteville. In addition to many other retailers and conveniences, nearby shopping includes grocery stores Publix (3.3 miles) and Harris Teeter (3.7 miles) and Cross Creek Shopping Mall (5.4 miles).
Constructed in 2022, the property provides 4-star accommodations to a variety of tenants including health care professionals working at the nearby Cape Fear Valley Center and its associated medical facilities. Each unit measures 890 sq. ft. consists of 2 bedrooms and 2 bathrooms.
The property is fully occupied with rents ranging from $1,000-$1,200 a month and a current gross income at $52,800. The property, however, presents a value-add opportunity with current rents below the $1,307 average market rental rate in the Southwest Fayetteville Submarket for a two-bedroom unit.
The property is located in the Southwest Fayetteville Submarket just 2.5 miles from Cape Fear Valley Medical Center and 3 miles from the All-American Express Way, providing tenants convenient access to major roads and shopping in and around Fayetteville. In addition to many other retailers and conveniences, nearby shopping includes grocery stores Publix (3.3 miles) and Harris Teeter (3.7 miles) and Cross Creek Shopping Mall (5.4 miles).
Property Facts
| Price | $560,000 | Number of Properties | 2 |
| Price / SF | $157.30 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 3,560 SF |
| Status | Active | Total Land Area | 1.18 AC |
| Price | $560,000 |
| Price / SF | $157.30 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,560 SF |
| Total Land Area | 1.18 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 310 E Jenkins St, Fayetteville, NC 28306 | Multifamily | 1,780 SF | 2022 | - |
| 322 E Jenkins St, Fayetteville, NC 28306 | Multifamily | 1,780 SF | 2022 | - |
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East Jenkins Portfolio
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