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5623 Shenandoah Drive, Fayetteville, NC

$300,000

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4

Beds

2½

Baths

2,066

Square feet

0.31

Acres

About 5623 Shenandoah Drive

Investor Special! This 4 bedroom, 2.5 bathroom home is already producing income with a long-term tenant in place at $2,200 per month, generating $26,400 annually under a lease secured through March 2026. Priced at $300,000, this property offers investors a strong return with a gross cap rate of approximately 8.8% and an estimated net cap rate in the 6.8–7% 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 steady rental income, attractive returns, and thoughtful updates already completed, this home is a true turnkey investment opportunity.

Features of 5623 Shenandoah Drive

MLS® # LP750449
Price $300,000
Bedrooms 4
Bathrooms 2.50
Full Baths 2
Half Baths 1
Square Footage 2,066
Acres 0.31
Year Built 1974
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information

Address 5623 Shenandoah Drive
Subdivision Arran Lakes
City Fayetteville
County Cumberland
State NC
Zip Code 28304

Amenities

Parking Attached
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Appliances Dishwasher, Range, Refrigerator, Washer/Dryer
Fireplace Yes
# of Fireplaces 1
Stories Two
Has Basement Yes
Basement Crawl Space

Exterior

Construction Brick Veneer, Frame

Additional Information

Date Listed September 19th, 2025
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTHE PROPERTY EMPORIUM

Listing Map

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