1107 W Rowan St

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1107 W Rowan St

Fayetteville, NC 28305
Asking Price
$2.15M
Asset Type
Multifamily
Class
Class B

What's Special

1107 W Rowan St is a multifamily property situated in the central Fayetteville area, near the historic Haymount and Downtown districts. The building is located within walking distance of local retail shops, dining options, and public parks. Residents have efficient access to the Murchison Road corridor and the Rowan Street bridge, facilitating commutes across the city. The property is positioned near major transportation routes, providing connectivity to local employment centers and public transit lines. The asset is suitable for occupancy by a diverse tenant base, including professionals working in the nearby downtown business district or military personnel stationed at Fort Liberty. Its proximity to Fayetteville State University also makes it a viable option for faculty or students seeking off-campus housing. The configuration supports long-term residential leases targeted toward individuals or small households looking for centralized city living with proximity to regional healthcare facilities and administrative offices.

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NOI
$80,000
Cap Rate
3.72%
DSCR
0.63
Underwater
Cash-on-Cash
-7.39%
Monthly Payment
$10,637.027
Annual Cash Flow
$-47,644.323

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