I just noticed this 32-unit property in Fayetteville, NC listed on the Triangle MLS a few days ago. This scale property doesn't get listed in our MLS too frequently, so I'm naturally excited to see if it's much of a deal. I'm especially intrigued by "rehab and value-add opportunity," the 14 vacant units, and the property's proximity to such a large military base providing a steady tenant pool. (About 5 minutes from Ft. Bragg, the largest active military base in the world.)

Here are the basics:

- 32 units: all are 2-story townhomes in six separate buildings
- all are 2 bedrooms, 1.5 baths, approx. 960 sqft
- most rent for $550/month, but 14 are vacant
- list price: $895,000
- I have a copy of the rent roll I can email anyone if that's helpful.

As a residential broker and newbie investor, I would love to analyze this deal, but anything above the 4-unit CMA scale is outside of my expertise. I know it's nothing to be intimidated by, so I'm starting to gobble-up all the articles that I can about analyzing deals of this scale. In the meantime, I would love to connect with any of your contacts in the Fayetteville area: multifamily investors, commercial brokers, etc.

If you're local and interested in visiting the property with me, let me know and I'll keep you posted on my analysis and research

Thanks as always, BP!

keywords: Raleigh, Durham, Chapel Hill