703 Lake Ave, Spring Lake, NC 28390

This offering comprises 11 updated, adjoining brick duplexes—22 two-bedroom, one-bathroom units—each on its own tax parcel, allowing for a flexible exit strategy or future resale optionality. These low-maintenance units feature durable metal roofing and straightforward layouts, designed for long-term efficiency and investor appeal. Four units require renovation, creating an opportunity to capture built-in equity and increase cash flow. Current market rents between $995 and $1,054 per unit based on comparable assets in the area.

The complex sits on a quiet, dead-end street directly bordering Spring Lake Middle School, delivering built-in neighborhood stability and appeal. Spring Lake is a residential-heavy suburb of Fayetteville with a growing population of approximately 11,600 and household income averaging $57,300—well above the median of $50,500. Traffic along nearby Bragg Blvd., just one mile away, registers around 47,000 VPD, indicating strong connectivity and visibility.

The proximity to Fort Bragg and local amenities contributes to steady housing demand, making it attractive to tenants and investors alike.