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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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100 Twin Acres Dr , Fayetteville, NC 28303
$550,000
Est. Payment: $2,817.37/mo
0 Bed
0 Bath
0 Sqft
Status: pending | Days on site: 55
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Terri Bias
Operator/Brokerage Owner

House Description

100 and 102 Twin Acres Dr. Rare opportunity to acquire a fully occupied, income-producing 5-unit portfolio in Fayetteville, NC — offered at a 7% cap rate with $38,542 in annual net operating income. The offering includes a quadplex at 100 Twin Acres Drive and a detached one-bedroom cottage at 102 Twin Acres Drive, conveying together on one transaction. All five units are leased with leases in place through 2027, providing immediate cash flow for the incoming owner.The quadplex (100 Twin Acres Dr, built 1962) features four apartments totaling 4,624 square feet across a mix of one- and two-bedroom floor plans. The detached cottage (102 Twin Acres Dr, built 1950) is a charming one-bedroom, one-bathroom residence totaling 706 square feet. Combined gross monthly rent is $5,552 ($66,624 annually).The owner has invested substantially in both properties in recent years. Notable improvements include: complete gut renovation of the cottage (2025) with new mini-split HVAC, LVT flooring, oak kitchen cabinets, new bathroom fixtures, and full exterior repaint; complete renovation of Apt C (2021) including new kitchen, new bathrooms, new flooring, and new windows; new roofs on Apt C (2019) and Apt E (2019); new windows throughout multiple units (2025–2026); major site drainage and grading work ($26,000, 2023); and extensive cosmetic updates across all units. Roofs on Apts A and B were replaced approximately 2012.Tenants pay electric, gas, and internet. Water at 102 Twin Acres Dr is tenant-paid. Owner expense load is lean — property taxes, insurance, lawn care, water at the quadplex, pest treatment, and management total approximately $28,082 annually.Fayetteville's rental market is anchored by Fort Bragg, one of the largest military installations in the United States, providing stable, year-round tenant demand.

Highlights

Listed by VANCE TOWNSEND , 910-489-9300 TOWNSEND REAL ESTATE , 910-323-1110. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family

Year Built

1950

County

Cumberland

Listing ID

LP764835

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Principal Interest
$2,817
Taxes
$351

Home Price

$550,000

Loan Details

30 yrs
6.625%

Down Payment

20%
$110,000
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:
$2,817.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,817.37 $350.63 $0.00 $3,167.99
Yearly $33,808.42 $4,207.50 $0.00 $38,015.92
Total $1,014,252.56 $126,225.00 $0.00 $1,140,477.56

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.

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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: 2026-08-24T15:38:14.000Z

© 2026 Triangle MLS, Inc. of North Carolina

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