Rental Market in Fayetteville, NC

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Asheville, NC · Member since 2017 · 385 posts · 274 votes
7y

There is a fb nc real estate investors page that you should join if you aren't already on it. I have seen lots of properties come up for sale in fayetteville recently. Other than that, you statement is extremely vague. 

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  • Asheville, NC · Member since 2017 · 385 posts · 274 votes
    7y

    There is a fb nc real estate investors page that you should join if you aren't already on it. I have seen lots of properties come up for sale in fayetteville recently. Other than that, you statement is extremely vague. 

  • Investor · Hickory, NC · Member since 2016 · 6 posts · 3 votes
    7y

    I am trying to figure out if apartments rent easily.  Would be looking for quality tenants. 600 plus credit score good rental history etc 

  • Asheville, NC · Member since 2017 · 385 posts · 274 votes
    7y

    The only way to find that out is to look at the market rents . It is a military town so I assume lots of people come and go. Maybe find an agent in the area that can answer your questions about vacancy rates. Are they building lots of apartment there? What is the inventory like, etc?

    A good RE agent should be able to answer those questions for you but you need to visit Fayetteville and look around for yourself. Call some landlords from their rental ads and ask them. If I remember correctly, they had some flooding this year which may be why I am seeing several properties for sale there.

  • Investor · Hickory, NC · Member since 2016 · 6 posts · 3 votes
    7y

    Thanks Jon!

  • Guy with Great Hair · Austin, TX · Member since 2013 · 2k+ posts · 4k+ votes
    7y

    What kind of multifamily? 2 units, or 200 units?

    600/month tenants can be treacherous in Fayetteville, careful not to go too cheap. I try not to buy anything that rents for less than $850

    vacancy is a nearly non-issue in my experience. If you run your business right you should be able to fit tenants not problem.

  • Investor · Hickory, NC · Member since 2016 · 6 posts · 3 votes
    7y

    approximately 100 units.  They currently rent for around $830 per month.

  • NJ · Member since 2016 · 13 posts · 8 votes
    7y
    @Allison Clark look at Niche.com. It looks like it is a 54% of the market rents.
  • bethel, CT · Member since 2015 · 335 posts · 57 votes
    7y
    @Rachit M. At propertys so cheap, why would anyone rent when there mortgage payment could be considerably way less?
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