CreeKS Edge Townhomes

Quadraplex styled Townhomes

Executive Summary

Nest Managers Real Estate is pleased to offer a unique investment opportunity with the listing of 5840 - 5854 Aftonshire Drive located in the heart of Cumberland County. This 8 unit property nestled in the heart of Fayetteville, NC and boast views of Beaver Creek from the back of each unit.

Each townhome offers ample space, averaging 1024 sq ft and features 2 bedrooms and 1.5 bathrooms. Notable features include recent renovations within the past 4 years to included updated paint, flooring, conveniently located ground floor laundry rooms, ceiling fans and patios. For added convenience, this property comes with a highly rated professional management team who has recently taken over management of these units.

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8

Units

1985

Year Built

1185

Unit SF

5840 - 5854 Aftonshire Dr.

Fayetteville, NC

Cumberland

8 Total

8 - 2 BR/1.5 BA

2 Quads

1.7

YES

$900

Current Avg. Rent

$.76

Avg. Rent/SF

Investment highlights

Replacement Cost For Comparison

Opportunity Zone Tax Benefits

Using an average construction cost of $145/sq ft., constructing a property of this size with 8 townhomes, each averaging a size of 1024 SF, would total an estimated $1.2 Million ($148k per door)

Value-Add Opportunity

New ownership can take advantage of this value-add opportunity by modernizing the asset through interior and exterior renovations to increase rental rates upwards of $200/unit.

The Qualified Opportunity Zone (QOZ) incentives encourages investments in distressed areas by offering tax benefits. Investors can defer taxes on capital gains by promptly investing in a Qualified Opportunity Fund (QOF)