USANCFayettevilleNot in a Subdivision210 Colonial Dr
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$1,650,000

For Sale

9 days ago

210 Colonial Dr, Fayetteville, NC

Condo

MLS® 10186622

36 Bed

21 Bath

14000 sqft

42 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 14000 sqft
Garage 
HOA Fees 
Taxes $489
Days Active 0
Approx. Age 1970
Avg. Price Per Sqft $117
MLS® Number 10186622

Property Address: 210 Colonial Dr, Fayetteville, NC, 28301-4491

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

Description

Turnkey 24-Unit Multifamily Investment Opportunity | Fayetteville, NC Exceptional 24-unit colonial-style multifamily portfolio offering strong, turnkey cash flow with immediate value-add potential. Comprising two adjacent parcels being sold together, this property features an optimal unit mix of 12 one-bedroom and 12 two-bedroom floor plans. Investment Highlights Extensively Remodeled: 22 of the 24 units have been fully renovated, providing a turnkey operational foundation. Immediate Value-Add Upside: Only two units (#15 and #16) remain in original condition, ready for modern updates upon vacancy to maximize rent rolls. Strong, Consistent Cash Flow: Units currently generate steady income renting at approximately $789 per unit. Unit Mix: Balanced distribution (12 one-bedroom / 12 two-bedroom units) catering to broad market demand. Strategic Location: Desirable Fayetteville, NC location near major employers, retail, and transit. Property Note / CapEx: Roof Replacement: The property requires a new roof soon, presenting an opportunity for an incoming investor to complete final capital improvements alongside the renovation of the final two units. There are four vacant units that can be viewed, 2 at Colonial and 2 Fayette.
MLS® Number10186622
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1970
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNone
A/CCentral Air, Ceiling Fan(s), Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 7, 2026List Date
$1,650,000List Price
  • Commute

Commute

Starting Address
Destination Address
210 Colonial Dr, Fayetteville, NC

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