1914 Millan Drive

Fayetteville, NC 28305

$472,000
Price
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Beds
—Sq. Ft.
— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.
a view of a house with a yard
a front view of a house with a garden
an empty room with wooden floor fan and windows
a view of an empty room with a window
a kitchen with a refrigerator and a sink
a kitchen with cabinets and stainless steel appliances
a kitchen with stainless steel appliances granite countertop a stove and a microwave
a kitchen with granite countertop a sink stove and cabinets
an empty room with a window
a bathroom with a window
a view of a kitchen from the hallway
an empty room with wooden floor and windows
a view of an empty room
an empty room with wooden floor and windows
a bathroom with a sink and a shower
a bathroom with a sink and a mirror
a white bath tub sitting next to a toilet
a backyard of a house with seating space

Description

1914 Millan Drive is a core investment multi-family opportunity located in the N. Fayetteville (Terry Sanford/Haymount) Submarket, one of Fayetteville’s premier locations. The subject property (approx. 2,400 Sq. Ft.) is a well-maintained brick quadraplex (4-units) located on 0.43 acres at the end of a Haymount cul-de-sac. All units are 1 bedroom, 1 bathroom, living room, kitchen and laundry room. There is currently one (newly renovated) vacant unit, which compares very favorably to the market average....1914 Millan Drive is a core investment multi-family opportunity located in the N. Fayetteville (Terry Sanford/Haymount) Submarket, one of Fayetteville’s premier locations. The subject property (approx. 2,400 Sq. Ft.) is a well-maintained brick quadraplex (4-units) located on 0.43 acres at the end of a Haymount cul-de-sac. All units are 1 bedroom, 1 bathroom, living room, kitchen and laundry room. There is currently one (newly renovated) vacant unit, which compares very favorably to the market average. For that reason, the pro-forma outlook has a $43,800 gross operating income. Furthermore, the N. Fayetteville (Terry Sanford) submarket boasts a 6.4% avg. market cap rate and $1,024 avg. monthly rent for 1-bedroom units, leaving room here for value-add. This pristine quadraplex has been a valued investment and consistently improved. Unit #1 is vacant and recently renovated (rather than re-rented) for the purpose of showings. Units 2-4 are occupied by tenants (leases attached).
  1. Listed by MATTHEW BARRETT • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE

Property Details for 1914 Millan Drive

Architectural Style
TwoStory
Subdivision Name
HAYMOUNT
Zoning
SF6 - Single Family Res 6
Zoning Description
SF6 - Single Family Res 6
View
Yes
LISTING UPDATED: 10/25/2024 12:35 PM

Property Details for 1914 Millan Drive

StatusActive
MLS #733204
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1952
Lot Size-
CountyCumberland

Building Information for 1914 Millan Drive

Stories2Residences4Year Built1952Building Size-Lot Size-

Property Information for 1914 Millan Drive

Summary
Location and General Information
  • City: Fayetteville
  • County Or Parish: Cumberland
  • Country: US
  • Directions: Use Google Maps / GPS from your location
  • Road Surface Type: Paved
  • Postal Code: 28305
  • Latitude: 35.060958
  • Longitude: -78.912214
  • State Or Province: NC
Taxes and HOA Information
  • Parcel Number: 0427-67-2162
  • Tax Legal Description: J N Robertson LO5-6 SE01 PL0013-0048
  • Tax Lot: 5-6
School Information
  • Elementary School: Vanstory Hills Elementary (3-5)
  • High School: Terry Sanford Senior High
  • Middle Or Junior School: Max Abbott Middle School
Parking
  • Covered Spaces: 0.0
Property
Lot Information
  • Above Grade Finished Area Units: SquareFeet
  • Below Grade Finished Area Units: SquareFeet
  • Building Area Total: 0.0
  • Building Area Units: SquareFeet
  • Lot Features: CulDeSac
  • Lot Size Area: 0.0
  • Lot Size Units: SquareFeet
  • Living Area Units: SquareFeet
Property and Assessments
  • Year Built: 1952
  • Human Modified: Yes
Utilities
  • Sewer: PublicSewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Community Features: Gutters
  • Construction Materials: BrickVeneer
  • Pool Private: No
  • Security Features: SmokeDetectors
Interior Features
  • Levels: Two
  • Stories: 2
  • Flooring: Hardwood, LuxuryVinyl, LuxuryVinylPlank, Other
  • Bathrooms Total: 0
  • Cooling: Yes
  • Cooling: CentralAir, Electric
  • Heating: Yes
  • Heating: HeatPump
  • Interior Features: EntranceFoyer, GraniteCounters
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Rental
Rental Information
  • Occupant Type: Occupied
  • Lease Considered: No
  • Lease Amount Per Area Unit: DollarsPerSquareFoot

Property History for 1914 Millan Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1914 Millan Drive

Taxable ValueLand$20,000Additions$83,798Total$103,798
Tax Record2019$2,722 ($227 / month)
Home Facts
Total Finished SqFt1,286 SqFtAbove Grade Finished SqFt1,166 SqFtFinished Basement SqFt120 SqFtStories2Lot Size18,731 SqFtStyleMulti-Family Res (5+ Units)Year Built1952Year Renovated2013ZoningSF6CountyCUMBERLANDAPN0427-67-2162Fireplace TypeHas Fireplace

Schools near 1914 Millan Drive

This home is within Cumberland County School District.
Rating
School
Type
Grades
Distance
Alma O Easom Elementary
Public - K to 1
Vanstory Hills Elementary
Public - 2 to 5
R Max Abbott Middle
Public - 6 to 8
Terry Sanford High
Public - 9 to 12
Rating
School
Distance
Alma O Easom Elementary
PublicK to 1

Vanstory Hills Elementary
Public2 to 5

R Max Abbott Middle
Public6 to 8

Terry Sanford High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1914 Millan Drive, Fayetteville, NC 28305

1914 Millan Drive is a multi-family home for sale in Fayetteville, NC 28305. This property was listed for sale on October 9, 2024 by COLDWELL BANKER ADVANTAGE - FAYETTEVILLE, it's currently listed at $472,000. It has been on the market for a total of 43 days and was last sold on November 1, 2012. This listing's school district is Cumberland County School District. Nearby schools include Alma O Easom Elementary, Vanstory Hills Elementary and R Max Abbott Middle. 1914 Millan Drive is a 0-bed, 0-bath, multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COLDWELL BANKER ADVANTAGE - FAYETTEVILLE

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