1033 Appamattox Ct

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1033 Appamattox Ct

Fayetteville, NC 28305
Asking Price
$4.50M
Asset Type
Multifamily
Class
Class B

What's Special

Situated at 1033 Appamattox Court, this multifamily property is located in the Borden Heights neighborhood of Fayetteville, North Carolina. The area is characterized by established residential blocks and proximity to major transit corridors, including easy access to the All American Freeway and Murchison Road. Residents are located within a short drive of the Cross Creek Mall retail district, local parks, and Fayetteville State University. The property’s location offers convenient commuting routes to the Cape Fear Valley Medical Center and the downtown business core. The asset is suitable for investors seeking long-term residential leasing opportunities in a central suburban setting. Given the proximity to Fort Liberty, the typical tenant profile often includes military personnel and their families, as well as healthcare workers and university staff. The local rental market is supported by a consistent demand for workforce housing. The site’s configuration is ideal for those prioritizing low-density residential living with accessible commute times to the region's primary employment hubs and educational institutions.

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NOI
$80,000
Cap Rate
1.78%
DSCR
0.30
Underwater
Cash-on-Cash
-13.86%
Monthly Payment
$22,263.545
Annual Cash Flow
$-187,162.537

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