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409 Boundary Ln, Fayetteville, NC 28301

2 Bedrooms / 1 Baths / Single Family

Property Status: Sold |  Sold: $39,900.00

Property Photos

Turnkey Fayetteville Rental- Solid Location Near Downtown!

Property Status:
This Property is currently...
  • Status: Sold
  • Sold: $39,900.00
Property Details:
2 Bedrooms / 1 Baths / Single Family
Property Style:
Year Built:
Finished Sq Ft:
No Basement
Owner / Agent:
Individual Owner
Property Features:
Central Air
Contact Info
Lion Properties of NC, LLC.
(919) 473-6650

View on Individual's Website
Property Description:

Tenant is a single occupant, he grew up in the neighborhood, has lived in the house for approximately 10 years and would love to stay "forever." He works 5/6 days per week, does not have pets and pays his rent on time. However, there is not an existing lease so Buyer has flexibility.

Tenant is currently paying $550 per month but understands he is paying less than market due to previous Landlord and is understanding of a pending rent increase.

Rentometer Average = $667/month Zillow Estimated Rent= $800/month

Tenant is low maintenance and keeps the property up himself. No repairs are needed however upon my walkthrough I noted the following:

-Exterior could use pressure washing, a piece of wood over the porch is loose and a shutter has come off.
-A cabinet door has come loose in the kitchen.

Pictures and videos are available here:

Offered at $41,500
Buy it NOW: $39,900

Seller has requested we not complete additional walkthroughs until after closing due to concern about bothering the tenant. I will setup a walkthrough/inspection period after closing however I am offering to "Buy it NOW" if you'd like to grab it sight unseen in advance of showings and competition. 

A deposit of $1,500 will be due at the time of signing. 

Please contact:

Dan DeLeo

Legal Disclaimer:
Triangle Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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Triangle Real Estate Investors Association

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Raleigh, NC 27603
(919) 754-3904

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