2623 Pine Springs Dr

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2623 Pine Springs Dr

Fayetteville, NC 28306
Asking Price
$3.50M
Asset Type
Multifamily
Class
Class B

What's Special

Situated in the southern portion of Fayetteville near the Jack Britt school district, 2623 Pine Springs Drive is located in a primarily residential suburban neighborhood. The property offers proximity to major retail corridors along Raeford Road and Hope Mills Road, providing residents with access to grocery stores, pharmacies, and dining options. The location is approximately ten miles southwest of downtown Fayetteville and fifteen miles from Fort Bragg, accessible via the nearby All American Expressway and Interstate 295. As a multifamily asset, this location is suited for long-term residential leasing. The property is positioned to serve a diverse tenant base, including military personnel stationed at Fort Bragg and professionals commuting to local medical centers or downtown business hubs. The surrounding quiet, low-density environment makes it an appropriate choice for families or individuals seeking a residential setting with convenient connectivity to the region’s major employment and commercial sectors.

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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084

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