About 210 Colonial Drive
24-Unit Multifamily Investment Opportunity | Fayetteville, NC Exceptional 24-unit colonial-style multifamily portfolio offering strong, turnkey cash flow with immediate value-add potential. Comprising two adjacent parcels being sold together, this property features an optimal unit mix of 12 one-bedroom and 12 two-bedroom floor plans. Investment Highlights Extensively Remodeled: 22 of the 24 units have been fully renovated, providing a turnkey operational foundation. Immediate Value-Add Upside: Only unit (#15) remain in original condition, ready for modern updates upon vacancy to maximize rent rolls. Strong, Consistent Cash Flow: Units currently generate steady income renting at approximately $789 per unit. Unit Mix: Balanced distribution (12 one-bedroom / 12 two-bedroom units) catering to broad market demand. Strategic Location: Desirable Fayetteville, NC location near major employers, retail, and transit. The colonial property has a new roof August 2026! There are 2 vacant units that can be viewed. Over $300,000 in renovations were done in past couple years!
Features of 210 Colonial Drive
| MLS® # | 10186622 |
|---|---|
| Price | $1,600,000 |
| Bedrooms | 36 |
| Bathrooms | 21.00 |
| Full Baths | 21 |
| Square Footage | 14,000 |
| Acres | 1.70 |
| Year Built | 1970 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 210 Colonial Drive |
|---|---|
| Subdivision | Not in a Subdivision |
| City | Fayetteville |
| County | Cumberland |
| State | NC |
| Zip Code | 28301 |
Amenities
| Amenities | Parking |
|---|---|
| Utilities | Water Available |
| Parking | Asphalt, Open, Parking Lot, Unassigned |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Laminate Counters, Open Floorplan |
|---|---|
| Appliances | Electric Range, Free-Standing Electric Range, Free-Standing Refrigerator, Free-Standing Range, Range, Refrigerator, Range Hood |
| Heating | None |
| Cooling | Central Air, Ceiling Fan(s), Electric |
| Fireplace | No |
| Stories | Three Or More |
| Has Basement | No |
Exterior
| Lot Description | Cleared, Few Trees |
|---|---|
| Roof | Architectural Shingle |
| Construction | Brick, Brick Veneer |
| Foundation | Slab |
Additional Information
| Date Listed | August 7th, 2026 |
|---|---|
| Zoning | MR5 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Highgarden Real Estate NC |
|---|