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 property offers proximity to the downtown district, providing residents with access to local government offices, retail centers, and dining options. Fayetteville Area System of Transit (FAST) routes serve the immediate area, facilitating commutes across the city. The location is approximately six miles from the Fayetteville Regional Airport and is positioned near major thoroughfares, including Business 95 and Highway 87, which connect to the broader Cape Fear region. This multifamily asset is suited for rental housing development or continued residential operations. The location typically attracts a tenant base comprised of local service industry staff, municipal employees, and personnel associated with nearby medical facilities. Given its proximity to Fort Liberty, the property also serves members of the military community seeking off-base housing options. The site’s positioning within a residential pocket makes it functional for traditional long-term leasing or workforce housing initiatives tailored to the regional labor market.

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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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