5623 Shenandoah Drive, Fayetteville, NC 28304

Fayetteville
Local realty services provided by:ERA Strother Real Estate
5623 Shenandoah Drive,Fayetteville, NC 28304
$250,000
  • 4 Beds
  • 3 Baths
  • 2,066 sq. ft.
  • Single family
  • Active
Listed by: brooklyn west
Office: the property emporium
MLS#:750449
Source:NC_FRAR

Price summary

  • Price:$250,000
  • Price per sq. ft.:$121.01

About this home

Investor Special! This 4-bedroom, 2.5-bathroom home is already producing income with a long-term tenant in place at $2,215 per month, generating $26,580 annually under a lease secured through March 2026. Priced at $250,000, this property offers investors a strong return with a gross cap rate of approximately 10.6% and an estimated net cap rate in the 8.1–8.6% range after typical expenses. Inside, you’ll find durable LVP flooring throughout, an updated kitchen with stainless steel appliances, and modernized bathrooms. The home also features a spacious double-car garage, a fenced backyard, and a recently replaced HVAC system for added peace of mind. With reliable rental income, improved cash flow at the new price point, and key updates already completed, this home is a true turnkey investment opportunity.

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Home facts

  • Year built:1974
  • Listing ID #:750449
  • Added:230 day(s) ago
  • Updated:January 09, 2026 at 04:22 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Rooms Total:9
  • Flooring:Luxury Vinyl Plank
  • Dining Description:Separate Formal Dining Room
  • Kitchen Description:Dishwasher, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Crawl Space
  • Living area:2,066 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Central air:Yes

Structure and exterior

  • Year built:1974
  • Building area:2,066 sq. ft.
  • Lot area:0.31 Acres
  • Construction Materials:Brick Veneer, Frame
  • Levels:2 Story

Schools

  • High school:Seventy-First Senior High
  • Middle school:Lewis Chapel Middle School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$250,000
  • Price per sq. ft.:$121.01

Features and amenities

  • Appliances:Dishwasher, Range, Refrigerator
  • Laundry features:Dryer Hookup, Washer Hookup

Parking

  • Parking description:Attached, Garage
  • Garage:Yes
  • Garage spaces:2

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