1010 Laurel St

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1010 Laurel St

Fayetteville, NC 28303
Asking Price
$1.12M
Asset Type
Multifamily
Class
Class B

What's Special

1010 Laurel St is situated in Fayetteville, North Carolina, within an established residential neighborhood near the city's historic core. The location offers proximity to the retail and dining options of downtown Fayetteville, as well as essential services along the Ramsey Street corridor. The property is positioned near Fayetteville Technical Community College and several local parks. Residents have access to public transportation via the Fayetteville Area System of Transit (FAST), and the site provides direct connectivity to Highway 401 and nearby Interstate 95, facilitating travel across the Cape Fear region. The property is suited for multifamily redevelopment or continued residential operations catering to the area’s steady housing demand. A typical tenant profile for this location includes commuters working in the downtown business district and personnel affiliated with the Cape Fear Valley Health System. Its proximity to Fort Liberty also makes it a viable housing option for military contractors and service members seeking off-base accommodations. The asset serves a diverse demographic of local professionals and students requiring central access to the city’s educational institutions and primary employment hubs.

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NOI
$80,000
Cap Rate
7.14%
DSCR
1.20
Tight
Cash-on-Cash
4.02%
Monthly Payment
$5,541.149
Annual Cash Flow
$13,506.213

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