3516 Torbay DR Fayetteville, NC 28311
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,226 sqft
Price per Sqft $146
MLS Listing ID 771638
Style One Story
Bedrooms 3
Full Baths 1
Half Baths 1
Construction Status Good Condition
HOA Y/N No
Year Built 1982
Property Sub-Type Single Family Residence
Property Description
Currently tenant-occupied with a long-term lease in place through March 2027, this home provides an established rental income opportunity for investors seeking immediate cash flow. Enjoy the advantage of an existing tenant without the initial challenges of marketing and leasing a vacant property.
Step inside and discover a functional, inviting floor plan complemented by recently upgraded flooring, adding a fresh, modern touch to the home's interior. Located in an established neighborhood, this property offers convenient access to shopping, dining, Fort Bragg, and other Fayetteville amenities.
For qualified buyers, the assumable VA loan with a 5.625% interest rate presents an additional financing opportunity, subject to lender and VA approval. Investors can appreciate the existing rental arrangement, while prospective homeowners can explore the potential to make this property their own following the existing lease and applicable occupancy requirements.
INVEST NOW, PLAN FOR THE FUTURE, OR EXPLORE THE POSSIBILITIES OF HOMEOWNERSHIP! Opportunities offering an existing tenant, updated flooring, and potential assumable financing deserve a closer look.
Tenant occupied. Strict 24-hour advance notice required for all showings. Schedule your showing today!
Location
State NC
County Cumberland
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Vinyl
Fireplaces Type None
Inclusions None
Fireplace No
Exterior
Exterior Feature Patio
Water Access Desc Public
Porch Covered, Patio, Porch
Building
Lot Description 1/4 to 1/2 Acre Lot
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style One Story
Level or Stories One
New Construction No
Construction Status Good Condition
Schools
Middle Schools Nick Jeralds Middle School
High Schools E. E. Smith High
Others
Tax ID 0429-85-0018.000
Ownership More than a year
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION