USANCFayettevilleHaymount605 Oakridge Ave

New

$650,000

For Sale

7 hours ago

605 Oakridge Ave, Fayetteville, NC

Name: 605 Oakridge Ave, For Sale in Fayetteville - eXp Realty
Brand: KEYS TO CAROLINA
SKU: 758936
Price: 650000 USD

MLS® 758936

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes

Days Active 0

Approx. Age 1949

MLS® Number 758936

Property Address: 605 Oakridge Ave, Fayetteville, NC, 28305-4651

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

Description

HEAVY VALUE-ADD OPPORTUNITY for experienced investors and developers. CASH ONLY. Property is being sold AS-IS with no repairs to be made by the seller. Oakridge Apartments is a multifamily redevelopment project located at 605 Oak Ridge Ave in Fayetteville, NC. The property consists of three buildings currently configured as 9 apartment units and sits in a strong rental area (Haymount), with close proximity to downtown, major roadways, and employment centers. This project presents a rare opportunity for investors seeking a repositioning asset with significant groundwork already completed. Nearly $250, 000 in capital improvements has already been invested into the property, excluding holding costs. Significant work has been completed including extensive interior and exterior demolition, site clearing, overgrowth removal, asphalt removal, grading and gravel improvements, landscaping improvements, framing repairs, drywall work, and other structural preparation necessary for redevelopment. Additional improvements and infrastructure work include new windows, plumbing upgrades, gas line installation, fiber optic installation, insulation work, lighting updates, custom steel fabricated fencing, masonry repairs, doors, fixtures, kitchen cabinet installation, tile work, custom vanity installation, and various interior buildout preparations. The seller has also invested substantial resources into professional planning and development preparation. Professionally prepared architectural plans along with supporting engineering drawings and documentation outlining a redevelopment strategy that reconfigures the property from 9 units to a potential 10-unit layout. These plans represent extensive design and engineering work completed to support the project's repositioning and may provide valuable guidance for future redevelopment efforts. This is a HEAVY VALUE-ADD repositioning opportunity suited for investors who understand construction, redevelopment, and multifamily repositioning strategies. Much of the initial demolition, preparation, and planning work has already been completed, allowing the next owner to continue the redevelopment process and pursue the property's upside potential. Ideal for investors looking to complete renovations and reposition the property as stabilized rental housing in the growing Fayetteville market with strong demand driven by Fort Bragg and surrounding economic activity. Serious inquiries only. Buyer to perform all due diligence. Property sold AS-IS. CASH ONLY. - APPOINTMENT ONLY Owner is a licensed North Carolina real estate agent.

MLS® Number758936

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1949

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 16, 2026List Date

$650,000List Price

Commute

Commute

Starting Address

Destination Address

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