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Elliot Farm Rd & Wiregrass Road
Fayetteville, NC 28311
Asking Price
$1.60M
Asset Type
Residential Land
Class
Class B
What's Special
Elliot Farm Rd & Wiregrass Road, Fayetteville, NC 28311 <ul><li>97 Single-Family Lots (Partially Entitled)</li><li>Average lot width: 80' wide</li><li>Setbacks: Front and Corners-30', Side-5', Rear-35'</li><li>Utilities: Municipal Water & Sewer (PWC)</li><li>Condition: Sold as-is, partially entitled</li><li>Price & Terms: $1,600,500 ($16,500 per lot in bulk)</li><li>Masterplan approved along with a Development Agreement w/ the City that vested rights for the project</li><li>Wetlands determination complete on entire property</li><li>DOT Permi
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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.13%
Monthly Payment
$7,918.401
Annual Cash Flow
$-15,020.809
