NOT LISTED FOR SALE

Estimated Value: $322,000 - $464,000

8 Beds
4 Baths
4,030 Sq Ft
$102/Sq Ft Est. Value

Last Sold March 03, 2022

Last sale price $350,000 $87 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,647/month

Highlights

  • Separate Formal Living Room
  • Patio
  • Outdoor Storage
  • Brick Veneer
  • Tile Flooring
  • Forced Air Heating and Cooling System

About This Home

As of March 2022

Great income-producing quadraplex! 204 Durant also available! 4, 2 bedrooms, 1.5 baths, 2-story units. Located off of Raeford Rd conveniently located near shopping, dining, entertainment. Front parking. All Units are currently occupied and rent for $750/month. Long term tenants up to 24 years! (This property is eligible to be purchased by a VA buyer if buyer plans on using one of the apartments as their primary residence)

Last Agent to Sell the Property

MITZIE NEWMAN

CENTURY 21 The Realty Group License #249721 Listed on: 01/26/2022

CENTURY 21 The Realty Group

Last Buyer's Agent

David Helms

COLDWELL BANKER ADVANTAGE - FAYETTEVILLE License #209889

COLDWELL BANKER ADVANTAGE - FAYETTEVILLE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,900

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 91x193x87x193
  • Back Yard Fenced

Home Design

  • Quadruplex
  • Brick Veneer

Interior Spaces

  • 4,030 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Separate Formal Living Room
  • Fire and Smoke Detector
  • Laundry on main level

Flooring

  • Carpet
  • Laminate
  • Tile

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Williams H. Owen Elementary School
  • Ireland Drive Middle School
  • Douglas Byrd Senior High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 0406-99-5800

Community Details

Overview

  • 4 Units
  • Fayetteville Subdivision

Building Details

  • Operating Expense $17,657
  • Gross Income $28,325
  • Net Operating Income $10,668

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,900

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Multi Family
  • Lot Size: 91x193x87x193
  • Road Surface Type: Paved
  • Ownership: More than a year
  • Subdivision Name: FAYETTEVILLE
  • Architectural Style: Two Story
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1972
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Laminate, Tile, Carpet
  • Interior Amenities: Ceiling Fan(s), Separate/Formal Living Room
  • Living Area: 4030.0

Exterior Features

  • Fencing: Back Yard, Yard Fenced
  • Construction Type: Brick Veneer
  • Exterior Features: Fence, Patio, Storage
  • Patio And Porch Features: Patio

Utilities

  • Laundry Features: Main Level, In Unit
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Williams H. Owen Elementary
  • High School: Douglas Byrd Senior High
  • Middle Or Junior School: Ireland Drive Middle

Lot Info

  • Parcel #: 0406-99-5800
  • Zoning Description: SF10 - Single Family Res 10

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 28325.0
  • Property Net Operating Income: 10668.0
  • Annual Operating Expense: 17657.0
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Lot: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2022 03/03/22 Sold $350,000 -12.5% $87 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $400,000 -- $99 / Sq Ft
Source: Longleaf Pine REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,900 $178,877 $10,000 $168,877
2023 $4,108 $178,877 $10,000 $168,877
2022 $3,521 $178,877 $10,000 $168,877
2021 $3,461 $178,877 $10,000 $168,877
2019 $3,321 $174,400 $10,000 $164,400
2018 $3,321 $174,400 $10,000 $164,400
2017 $2,972 $174,400 $10,000 $164,400
2016 $2,405 $160,700 $10,000 $150,700
2015 $2,383 $160,700 $10,000 $150,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Longleaf Pine REALTORS®

MLS Number: 676938

Longleaf Pine REALTORS®

APN: 0406-99-5800