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Pending
  • Price cut: $35K (7/31)
    $550,000

    100 Twin Acres Dr, Fayetteville, NC 28303

    --beds
    0baths
    --sqft
    : 
    $3,300/mo
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    Multi Family, Apartment
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    100 and 102 Twin Acres Dr. Rare opportunity to acquire a fully occupied, income-producing 5-unit portfolio in Fayetteville, NC — offered at a 7% cap rate with $38,542 in annual net operating income. The offering includes a quadplex at 100 Twin Acres Drive and a detached one-bedroom cottage at 102 Twin Acres Drive, conveying together on one transaction. All five units are leased with leases in place through 2027, providing immediate cash flow for the incoming owner. The quadplex (100 Twin Acres Dr, built 1962) features four apartments totaling 4,624 square feet across a mix of one- and two-bedroom floor plans. The detached cottage (102 Twin Acres Dr, built 1950) is a charming one-bedroom, one-bathroom residence totaling 706 square feet. Combined gross monthly rent is $5,552 ($66,624 annually). The owner has invested substantially in both properties in recent years. Notable improvements include: complete gut renovation of the cottage (2025) with new mini-split HVAC, LVT flooring, oak kitchen cabinets, new bathroom fixtures, and full exterior repaint; complete renovation of Apt C (2021) including new kitchen, new bathrooms, new flooring, and new windows; new roofs on Apt C (2019) and Apt E (2019); new windows throughout multiple units (2025–2026); major site drainage and grading work ($26,000, 2023); and extensive cosmetic updates across all units. Roofs on Apts A and B were replaced approximately 2012. Tenants pay electric, gas, and internet. Water at 102 Twin Acres Dr is tenant-paid. Owner expense load is lean — property taxes, insurance, lawn care, water at the quadplex, pest treatment, and management total approximately $28,082 annually. Fayetteville's rental market is anchored by Fort Bragg, one of the largest military installations in the United States, providing stable, year-round tenant demand.
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    Zillow last checked:

    Listing updated:

    Listed by:

    VANCE TOWNSEND,

    TOWNSEND REAL ESTATE

    Source: LPRMLS,MLS#: 764835MLS LogoOriginating MLS: Longleaf Pine Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Details
      • Parcel number: 0417917773
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Apartment
      Condition
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Fayetteville
      Location
      • Region: Fayetteville

      Financial & listing details

      • Tax assessed value: $616,700
      • Annual tax amount: $7,637
      • Date on market: 6/26/2026
      • Cumulative days on market: 61 days
      • Listing terms: Cash,New Loan
      • Ownership: More than a year

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,308/mo

        Price history

        DateEventPrice
        8/20/2026Pending sale$550,000
        Source: LPRMLS #764835 Report a problem
        7/31/2026Price change$550,000-6%
        Source: LPRMLS #764835 Report a problem
        6/26/2026Listed for sale$585,000
        Source: LPRMLS #764835 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,637 +43.7%$616,700 +141.1%
        2024$5,314 +6.3%$255,800
        2023$5,000 +8.9%$255,800
        2022$4,590 $255,800
        2021$4,590 $255,800 -13.5%
        2020-- $295,794 +15.6%
        2019$4,450 $255,800
        2018$4,450 $255,800
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 28303

        Getting around

        65 / 100
        Somewhat Walkable
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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