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Listed price in listed location currency (USD).
$350,000

000

MLS® LP755404

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 231
Lot Size 
Approx. Age 1986
MLS® Number LP755404

Property Address: 1430-1424-1430 Tangora Ln, Fayetteville, NC, 28304-2436

Average square foot calculated using Size range provided by listing agent.

Description

1424–1430 Tangora Lane is a four-unit property made up of four 2-bed / 1.5-bath units. The property is 50% occupied and currently brings in $1, 745 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.
MLS® NumberLP755404
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1986
Basement
Driveway
Garage Spaces
Heat
A/CCentral Air

Extras

Price History

Last Sold Price

$370,000$370K

Appreciation

--

Avg. Days Listed

115 days

Today, For Sale for $350,000

Photo 1
For Sale · 231 days

$350,000

MLS® LP755404

8 months ago

Not Sold Yet

January 2026, For Sale for $350,000

For Sale · 229 days

$350,000

MLS® 755404

8 months ago

Not Sold Yet

  • Jan 6, 2026, For Sale for $350,000

December 2023, Sold for $370,000

Sold · 0 days

$370,000$380,000

MLS® LP716814

3 years ago

Sold on Dec 6, 2023

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