231 Lansdowne Rd, Fayetteville, NC 28314
Great location in a quiet neighborhood located off Cliffdale Rd near the Skibo Rd commercial district. Minutes from Ft. Bragg, VA hospital, and I-295 Outer Loop. One block from McFayden Lake!
- 3 bed/ 1 bath/ 1,044 SF
- Single story
- Brick veneer
- Massive lot w/ fenced in backyard
- New gas furnace
- Four (4) window A/C units
- New window shutters
- New driveway
- Roof ~10yrs old. No leaks identified
- No leaks under sinks
- Kitchen cabinets fair condition but dated
- Carport with utility closet and washer/ dryer hookups
Click HERE for Information Flyer
Click HERE for pictures and videos taken on 19 January 2022
Financial Information:
ARV – $115,000
Market Rent $1,050/mo
Items That May Need Attention:
ESTIMATED repair cost to maximize ARV is ~$20,000
- Typical TLC – paint interior, modernize cabinets
- Two floor joists in living room are pushing flooring up ~1 inch creating “speed bump”. Reason unknown but no soft spots on floor were identified
- Exterior in good condition but needs pressure washing
- Rear sliding glass door track was installed reversed
Tenant note: Do not disturb tenant. Great clean tenant who has lived in property for 10+ years. Pays rent of $700 which is considerably under market. Huge opportunity to increase ROI by bringing rents to market.
DISCLAIMER: Cash Buyers are responsible for doing their own due diligence and verify all information. Values, estimates, and repairs are provided as a courtesy and no guarantee are expressed or implied.