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Lion Properties of NC, LLC.

PO Box 31233
Raleigh, NC 27622
 (919) 473-6650
Contact Us

Lion Properties of NC, LLC.

PO Box 31233
Raleigh, NC 27622
 (919) 473-6650
Contact Us

409 Boundary Ln, Fayetteville, NC 28301

2 Bedrooms / 1 Baths / Single Family

Property Status: Sold |  Sold: $39,900.00



Turnkey Fayetteville Rental- Solid Location Near Downtown!


Property Details:
Property Style:
Ranch
Year Built:
1953
Finished Sq. Ft:
750
Basement:
No Basement
Owner/Agent:
Individual Owner

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:

https://www.dropbox.com/sh/vnzqr716honze56/AADxP8pr_cX7ekfXcCxlA5-ea?dl=0

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
dan@lionpropertiesnc.com
919-538-1385



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