Excellent investment opportunity to add an 8 unit BRRRR to your portfolio near downtown Fayetteville! This vacant property is your blank canvas that would thrive as a standard long term rental, or could provide some alternate income as a short term rental! The property sits on nearly a half acre and boasts 4 studio units, 4 one-bedroom units (including one with ensuite washer/dryer hookups), and what will be a community laundry room! All 8 units have individual water and electric meters which adds to your NOI hassle free! As you can see from the photos, this renovation was underway and is waiting for someone to come finish it! All 8 units were demo'd and cleared out, and prior to transfer of ownership all rough-ins for electrical, plumbing, and HVAC will be complete. This includes a combination of brand new ductless mini-splits and PTAC units to provide efficient heating and air throughout the complex! Approved architectural plans are in hand and will be transferred with the property, as are all permits from the city. This property is perfect for any number of investors...from a general contractor, to someone who works with a licensed general contractor and crew, or even an investor who would like to take advantage of the estimate I already have from a local licensed general contractor for the remaining work! With so few multifamily properties on the market, an ARV of $600,000+ and roughly $200k of work remaining make this an excellent opportunity!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
