$197,000
$194,999
1.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,446 SqFt
SOLD DATE : 04/17/2026
Key Details
Sold Price $197,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,446 sqft
Price per Sqft $136
Subdivision Drexel
MLS Listing ID LP756979
Sold Date 04/17/26
Style Ranch
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1989
Lot Size 1,446 Sqft
Property Sub-Type Single Family Residence
Source Doorify MLS
Land Area 1446
Property Description
Investor Alert – Reliable Cash Flow & Long-Term Tenant in Place!This 3-bedroom, 2-bath home offers 1,400 sq ft of thoughtfully designed living space and is tenant-occupied through April 2026, providing immediate rental income under professional management. Tenants would be open to vacating early.Currently leased at $1,400/month with market rent around $1,495, this property demonstrates strong investment potential. At the list price of $194,999, projected metrics show an estimated cap rate near 8%, GRM around 8.1, and an approximate 9% cash-on-cash return (based on 25% down financing).The home features a warm and functional layout with inviting living areas and an enclosed carport, offering additional flex space for tenant use or storage.Perfectly situated near Fort Liberty, shopping, and local dining, this property benefits from a prime location with consistent rental demand and long-term appreciation potential.Whether you're growing your portfolio or seeking a stable, turn-key opportunity, this Fayetteville Nest delivers lasting value and dependable performance.Disclaimer: All financial figures are estimates based on current market conditions and are provided for informational purposes only. Swanky Nests, LLC does not provide financial or investment advice. Buyers are encouraged to verify all data and consult with their financial advisor before making investment decisions.
Location
State NC
County Cumberland
Community Drexel
Rooms
Basement Crawl Space
Interior
Interior Features Bathtub/Shower Combination, Ceiling Fan(s), Entrance Foyer, Living/Dining Room Combination, Primary Downstairs
Flooring Carpet, Hardwood, Laminate, Tile, Vinyl
Fireplaces Number 1
Fireplaces Type Prefabricated
Fireplace Yes
Appliance Range, Disposal, Microwave, Dishwasher, Washer/Dryer
Exterior
Exterior Feature Fenced Yard, Storage
Parking Features None
Fence Fenced, Fenced Yard
Garage No
Building
Architectural Style Ranch
New Construction No
Others
Tax ID 0429-87-3084
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