210 Colonial Drive

Fayetteville, NC 28301

Turnkey 24-Unit Multifamily Investment Opportunity | Fayetteville, NC Exceptional 24-unit colonial-style multifamily portfolio offering strong, turnkey cash flow with immediate value-add potential. Comprising two adjacent parcels being sold together, this property features an optimal unit mix of 12 one-bedroom and 12 two-bedroom floor plans. Investment Highlights Extensively Remodeled: 22 of the 24 units have been fully renovated, providing a turnkey operational foundation. Immediate Value-Add Upside: Only two units (#15 and #16) remain in original condition, ready for modern updates upon vacancy to maximize rent rolls. Strong, Consistent Cash Flow: Units currently generate steady income renting at approximately $789 per unit. Unit Mix: Balanced distribution (12 one-bedroom / 12 two-bedroom units) catering to broad market demand. Strategic Location: Desirable Fayetteville, NC location near major employers, retail, and transit. Property Note / CapEx: Roof Replacement: The property requires a new roof soon, presenting an opportunity for an incoming investor to complete final capital improvements alongside the renovation of the final two units. There are four vacant units that can be viewed, 2 at Colonial and 2 Fayette.

Listing courtesy of Ashley Hum of Highgarden Real Estate NC



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Last checked: 2026-08-19 03:32 PM UTC