Fayetteville, NC 28304,1424-1430 Tangora Lane
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Fayetteville, NC 28304,1424-1430 Tangora Lane
Fayetteville, NC 28304,1424-1430 Tangora Lane
Fayetteville, NC 28304,1424-1430 Tangora Lane
Fayetteville, NC 28304,1424-1430 Tangora Lane
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Eric Andrews

Eric Andrews

+1(919) 542-0523
Listed by WHITE HOUSE INVESTMENT GROUP
$ 350,000
Est. payment /mo
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Active

1424-1430 Tangora Lane Fayetteville, NC 28304

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Creeks Edge

MLS Listing ID LP755404

Year Built 1986

Property Sub-Type Quadruplex

Source Triangle MLS

Property Description

1424–1430 Tangora Lane is a four-unit property made up of four 2-bed / 1.5-bath units. The property is 75% occupied and currently brings in $2,650 in gross monthly income, with in-place rents sitting below market—creating clear upside for the next owner.Located just off Raeford Road, the property offers convenient access to major routes throughout Fayetteville, which helps support consistent rental demand. Based on projected rents of $1,000 per unit, and assuming 20% down, an 18% expense factor (vacancy, capex, management), along with monthly HOA dues, the property is projected to produce approximately $649 in monthly net cash flow, or $7,796.88 annually. This equates to an estimated 11.14% cash-on-cash return.With below-market rents and the ability to stabilize the remaining vacancy, this property offers a solid value-add opportunity while still functioning as a largely turn-key asset. A strong fit for investors seeking steady cash flow with room to improve performance in a high-demand area.Financial projections are estimates based on current market data and seller/broker analysis. Actual results may vary depending on financing structure, operating costs, vacancy, and management strategy.

Location

State NC

County Cumberland

Zoning SF6 - Single Family Res 6

Direction From Raeford Rd, turn onto Skibo Rd. Turn right onto Cliffdale Rd, then right onto Bingham Dr. Turn left onto Tangora Ln. Home will be on the right.

Interior

Interior Features Bathtub/Shower Combination, Ceiling Fan(s)

Cooling Central Air

Flooring Carpet, Hardwood, Laminate, Vinyl, Tile

Exterior

Utilities Available Natural Gas Not Available

View Y/N Yes

Private Pool No

Building

Faces From Raeford Rd, turn onto Skibo Rd. Turn right onto Cliffdale Rd, then right onto Bingham Dr. Turn left onto Tangora Ln. Home will be on the right.

Others

Senior Community No

Tax ID 0406772419

Doorify MLS / Triangle MLS
SCHOOLSPROPERTIES
Elementary Schools 20
  • 7

    E Melvin Honeycutt Elementary School

    Public | KG - 5

  • 7

    Cumberland Mills Elementary School

    Public | PK - 5

  • 5

    Brentwood Elementary School

    Public | PK - 5

  • 5

    J W Coon Elementary School

    Public | PK - 5

  • 5

    William H Owen Elementary School

    Public | PK - 5

  • 4

    Loyd E Auman Elementary School

    Public | PK - 5

  • 4

    Morganton Road Elementary School

    Public | KG - 5

  • 4

    Sherwood Park Elementary School

    Public | PK - 5

  • 4

    Montclair Elementary School

    Public | PK - 5

  • 4

    Mary Mcarthur Elementary School

    Public | PK - 5

  • 2

    Cliffdale Elementary School

    Public | PK - 5

  • 0

    First Impressions Academy

    Private | PK - 5

  • 0

    Birds Nest Montessori School

    Private | PK - KG

  • 0

    Renaissance Classical Christian Academy

    Private | PK - 9

  • 0

    Berean Baptist Academy

    Private | PK - 12

  • 0

    Johnathan's House Christian School

    Private | KG - KG

  • 0

    Fayetteville Christian School

    Private | PK - 12

  • 0

    The Fayetteville Academy

    Private | PK - 12

  • 0

    Village Christian Academy

    Private | KG - 12

  • 0

    Montessori School of Fayetteville

    Private | PK - 1

Middle Schools 6
  • 10

    John R Griffin Middle School

    Public | 6 - 8

  • 9

    Seventy-First Classical Middle School

    Public | 6 - 8

  • 5

    Anne Chesnutt Middle School

    Public | 6 - 8

  • 4

    Douglas Byrd Middle School

    Public | 6 - 8

  • 2

    Lewis Chapel Middle School

    Public | 6 - 8

  • 1

    Ireland Drive Middle School

    Public | 6 - 8

High Schools 2
  • 4

    Douglas Byrd High School

    Public | 9 - 12

  • 1

    Seventy-First High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Eric Andrews
Eric Andrews

Principal Broker | License ID: 177746

+1(919) 542-0523

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1424-1430 Tangora Lane