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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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14241430 1424-1430 Tangora Ln , Fayetteville, NC 28304
$350,000
Est. Payment: $1,792.87/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 229
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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Terri Bias
Operator/Brokerage Owner

House Description

1424–1430 Tangora Lane is a four-unit property made up of four 2-bed / 1.5-bath units. The property is 50% occupied and currently brings in $1,745 in gross monthly income, with in-place rents sitting below market—creating clear upside for the next owner.Located just off Raeford Road, the property offers convenient access to major routes throughout Fayetteville, which helps support consistent rental demand. Based on projected rents of $1,000 per unit, and assuming 20% down, an 18% expense factor (vacancy, capex, management), along with monthly HOA dues, the property is projected to produce approximately $649 in monthly net cash flow, or $7,796.88 annually. This equates to an estimated 11.14% cash-on-cash return.With below-market rents and the ability to stabilize the remaining vacancy, this property offers a solid value-add opportunity while still functioning as a largely turn-key asset. A strong fit for investors seeking steady cash flow with room to improve performance in a high-demand area.Financial projections are estimates based on current market data and seller/broker analysis. Actual results may vary depending on financing structure, operating costs, vacancy, and management strategy.

Highlights

Listed by NELSON PADILLA , 919-634-0462 and PATRICK WHITE , 912-580-1281 LPT REALTY LLC , 877-366-2213. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family

Year Built

1986

County

Cumberland

Neighborhood

Creeks Edge

Listing ID

LP755404

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Hardwood,Laminate,Vinyl,Tile
Other:
  • Additional:Bathtub/Shower Combination, Ceiling Fan(s)

Exterior Features

Zoning:SF6 - Single Family Res 6
Principal Interest
$1,793
Taxes
$223

Home Price

$350,000

Loan Details

30 yrs
6.625%

Down Payment

20%
$70,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,792.87

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,792.87 $223.13 $0.00 $2,016.00
Yearly $21,514.45 $2,677.50 $0.00 $24,191.95
Total $645,433.45 $80,325.00 $0.00 $725,758.45

Today's Rates

30 Year

6.63%

20 Year

6.38%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Fayetteville, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-08-24T17:35:59.000Z

© 2026 Triangle MLS, Inc. of North Carolina

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