Turnkey, Fully Renovated Rental Property with Immediate Cash Flow
Excellent opportunity to purchase a fully renovated, income-producing rental property in Fayetteville. This 3-bedroom, 2-bathroom ranch-style home offers approximately 1,306 square feet of living space and was fully renovated in 2026, including an updated kitchen and bathrooms, fresh paint, and updated flooring.
The property is currently occupied by a reliable, long-term tenant paying $1,503 per month, with approximately 18 months remaining on the existing lease. The tenant has a strong payment history and consistently pays rent on time, providing the new owner with immediate rental income from day one.
Annual gross rental income is $18,036. Based on approximately $1,366 in annual property taxes and $900 in annual insurance, the property generates approximately $15,770 per year after taxes and insurance.
Additional features include a functional single-story layout, two full bathrooms, a covered carport, public water and sewer, and no HOA fees.
This is an ideal opportunity for an investor seeking a renovated, occupied rental with stable income and no immediate leasing or renovation work required. The property is being sold with the existing lease and tenant in place. Showings will be coordinated in advance to respect the tenant’s occupancy.
What the owner loves about this home
Turnkey, Fully Renovated Rental Property with Immediate Cash Flow
Excellent opportunity to purchase a fully renovated, income-producing rental property in Fayetteville. This 3-bedroom, 2-bathroom ranch-style home offers approximately 1,306 square feet of living space and was fully renovated in 2026, including an updated kitchen and bathrooms, fresh paint, and updated flooring.
The property is currently occupied by a reliable, long-term tenant paying $1,503 per month, with approximately 18 months remaining on the existing lease. The tenant has a strong payment history and consistently pays rent on time, providing the new owner with immediate rental income from day one.
Annual gross rental income is $18,036. Based on approximately $1,366 in annual property taxes and $900 in annual insurance, the property generates approximately $15,770 per year after taxes and insurance.
Additional features include a functional single-story layout, two full bathrooms, a covered carport, public water and sewer, and no HOA fees.
This is an ideal opportunity for an investor seeking a renovated, occupied rental with stable income and no immediate leasing or renovation work required. The property is being sold with the existing lease and tenant in place. Showings will be coordinated in advance to respect the tenant’s occupancy.
28 days
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429
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17
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Listed by:
Property Owner(989) 293-7954
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.