6-Unit Value-Add Opportunity Near Fort Bragg
Multifamily | 3 Units | $158,333/unit
Marketing description
Triplex + additional lot zoned for a second triplex—rare opportunity to scale to 6 units.
- Strong in-place income with immediate upside and expansion potential near Fort Bragg.
- Recent comps: $332K = 2 units
- → ~$166K/unit
Your FULL potential:
- 6 units
- → Even at $130K/unit = $780K future value
In addition to the existing income-producing triplex, the included buildable lot creates a rare opportunity to increase unit count, boost NOI, and force appreciation—something you simply don’t get with most properties at this price point. Duplex and a singe family home 100% occupied with a triplex value add opportunity.
Duplex completely rennovated 2022 and house partially rennoavted 2023. 100% occupied. Duplex has 2 2bed/1bath units and single family home is 3bed/1bath. The adjacent lot is cleared, level, ready to build on with water and sewer taps available and zoned for a triplex (by right)in an area that is 10 minutes from Fort Bragg's gates.High demand for rents in this area. Have been increasing the rent but is more room for increasing. Duplex units currently renting at 925/mo each and house 1050 /month. Leases expire May 31, 2027 with all tenants wanting to renew. Duplex can be increased to $950 and home to $1150 to meet market value. Market rents in the area are $1000 - 1100 for the 2 bed/1bath and 1250-1300 for the 3bed/1bath.
All have new HVAC units and duct in 2023, duplex has new hot water heater, range, dishwasher, stackable washer /dryer, refridge in 2023, new flooring, new plumbing, new electrical wiring, new insulation, new windows and doors, new kicthen and bathroom cabinets, counters, sinks, toilets, tubs, roof. House has new decks & bathroom in 2023 and new insulation in crawl space, new vents, and gurders and new HVAC in 2023. It needs refreshed flooring inside, a kitchen make-over and new windows. Vacant lot is zoned for a triplex by right; however, with application, would qualify for a quad if catagorized as a group community, meaning a certain amount of common green space and parking ahs to be included, which there is plenty of room to do on this 100x200 lot. All have city water and sewer. the sewer and water pipes for the duplex were replaced in 2025. Property is partially fenced. Great invstment opportunity in a high rent demand area. pring Lake is planning a bypass around the town between Sanford and Fort Bragg to ease high growth traffic.
Investment highlights
Three units plus adjacent lot that can have 3 more units (possibly 4with permission) built. Existing structures consist of a duplex with 2 bedroom/1 bath. Renovated in 2022 + one side renovated in 2025 after sewer backup. All new sewer lines to the street in place. Units have been completely re-wired, replumbed, reisulated, new roof, new windows and doors, new applainces, cabinets, bathroom toilet vanity and tub, new HVACs, new water heaters and new washer dryers in 2022 The one unit has new flooring, new vanity, new drywall and base molding in 2025. Second building is single family home , 3bed 1bath. In 2022 porches were replaced, 2023 new HVAC. House needs updated kitchen and flooring. Adjacent lot next door is cleared and flat. Zoning allows by right a triplex. It may be possible to get a quad on the property if group community is applied for and approved. Units are 100% occupied. duplex rents for $925 each per month on yearly leases but market value is $950. House rents currently for $1050/mo but market value is $1200.
Property is within 5 minutes to Fort Bragg and Pope Airfield gates. 10 minutes to Fayetteville. New bypass planned around Spring Lake due to increased growth and traffic to base.
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