2 Buy And Hold Condos In Fayetteville $$$$Cash Flow Cap Rate 12% Arv $160,000

This deal includes 1004 Brookhollow Dr Unit three and 1022 Brookhollow Dr Unit nine in Fayetteville, NC. 1004-3 is 1194 square ft, 2bd/two bathrooms and 1022-9 is 1151 sq. feet Both units has new AIR CONDITIONED units, new Hot Water Heaters, upgraded appliances, new laminiate floors and new carpet, new smoke detectors and new carbon monoxide detectors. 1004-3 has a long time tenant renting at $650/mo and 1022-9 will be vacant October 5. Rental comps in the area will allow these units to rent for $900/mo easily. Cap Rate is 12%. Units have access to multiple pools, tennis courts, etc. Each unit has an ARV of $80,000 per unit giving a total ARV for the deal of $160,000. The asking price is $112,000.