5623 Shenandoah Drive
Fayetteville, NC 28304Investor Special! This 4 bedroom, 2.5 bathroom home is already producing income with a long-term tenant in place at $2,200 per month, generating $26,400 annually under a lease secured through March 2026. Priced at $300,000, this property offers investors a strong return with a gross cap rate of approximately 8.8% and an estimated net cap rate in the 6.8–7% range after typical expenses. Inside, you’ll find durable LVP flooring throughout, an updated kitchen with stainless steel appliances, and modernized bathrooms. The home also features a spacious double-car garage, a fenced backyard, and a recently replaced HVAC system for added peace of mind. With steady rental income, attractive returns, and thoughtful updates already completed, this home is a true turnkey investment opportunity.
$300,000
4 bedrooms
2 full, 1 half bathrooms
0.31 acres
2,066 square feet
$145 per square foot
- Exterior Features
- Interior Features
- Property Features
- Attached Garage Y/N Yes
- Construction Materials Frame, Brick Veneer
- Garage Y/N Yes
- Lot Size Acres 0.31
- Parking Features Attached
- Appliances Range, Washer/Dryer, Dishwasher, Refrigerator
- Basement Crawl Space
- Cooling Y/N Yes
- Fireplaces Total 1
- Flooring Vinyl
- Heating Y/N Yes
- Rooms Total 9
- Year Built 1974
Additional Property Information
- TypeSingle Family Residence
- Built1974
- NeighborhoodArran Lakes
- CountyCumberland
- AreaFayetteville
- Elementary School
- Middle School
- High School
Listing courtesy of THE PROPERTY EMPORIUM. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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