1527 Center St

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🔥 Fayetteville Deep Discount Deal | ¾ Acre Lot | Redevelopment Upside 🔥

Address: 1527 Center St, Fayetteville, NC 28311
Price: $72,000 (+ CC)
ARV: ~$150,000
Rent Potential: ~$1,200/month

Property Overview

Solid 3-bed, 1-bath home offering 960 sq ft on a massive ~0.75-acre lot. This is a value-add opportunity with redevelopment potential, ideal for investors looking to flip, hold, or build.

Key Features

• 3 Beds / 1 Bath
• 960 Sq Ft
• ~24,893 Sq Ft Lot (¾ Acre)
• Built in 1959
• Vacant
• 400 Sq Ft Shed (metal roof)

Condition & Systems

• Metal roof (lifetime guarantee)
• New hot water heater
• New water pump (~4 months old)
• Vinyl replacement windows
• New appliances included (washer, dryer, fridge, stove)
• HVAC: Non-functional (needs full replacement)
• Subfloor damage (kitchen/dining) from water issue
• Foundation: No known issues

Value-Add Opportunity

• Replace HVAC + repair subflooring
• Light-to-moderate rehab beyond major updates already done
• Cosmetic upgrades to maximize ARV

Investment Highlights

• ~$75K+ spread to ARV
• Large lot with possible redevelopment (2 homes potential)
• Strong rental demand in Fayetteville
• Major capex items already completed
• Ideal for flip, rental, or redevelopment play

Deal Potential

• Flip into the ~$140K–$160K range
• Rental with solid cash flow
• Redevelop lot for higher long-term returns

⚡ Large-lot deals with redevelopment potential at this price point don’t last — move quickly
 

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Resources:

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