10 UNITS Hope Mills, N

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10 UNITS Hope Mills, N

Hope Mills, NC
Asking Price
$630K
Asset Type
Multifamily
Class
Class B

What's Special

10 UNITS Hope Mills is situated in the heart of Hope Mills, North Carolina, a community characterized by its mix of historic suburban charm and modern convenience. The property is positioned near Hope Mills Lake and is within walking distance of local dining and retail options along Main Street. Residents benefit from close proximity to the recreational facilities at municipal parks and essential services including grocery stores and pharmacies. The location offers efficient transportation access via Highway 59 and Interstate 95, facilitating commutes to nearby Fayetteville and the Fort Liberty military installation. This multifamily asset is suited for long-term residential leasing, serving a diverse tenant profile seeking proximity to regional employment hubs. Typical occupants include military personnel stationed at Fort Liberty, local service industry professionals, and small households drawn to the area’s suburban atmosphere. The configuration of the units supports consistent occupancy within the Fayetteville metropolitan area's rental market. The property provides a functional housing solution for individuals prioritizing accessibility to major commuter corridors and local community amenities within the Hope Mills submarket.

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NOI
$80,000
Cap Rate
12.70%
DSCR
2.14
Strong
Cash-on-Cash
22.54%
Monthly Payment
$3,116.402
Annual Cash Flow
$42,603.182

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