Cumberland County, Spring Lake, NC 28390
4 bd2 ba1,868 sfBuilt 1948
Gross spread$125,000
Description
RARE Duplex Opportunity — Minutes from Fort Bragg $125,000 | 1.26 AC | Spring Lake, NC One of four parcels recently subdivided from a single riverfront tract — sold individually, each on its own deed Vacant — good shell and roof, structurally sound; interior needs a full gut and rehab (storm-related damage) Confirmed multi-family with the Town of Spring Lake, on its own individually platted lot Existing permits already active — no cold start on approvals Riverfront access on the Lower Little River Genuinely scarce asset class: Spring Lake shows only a handful of duplex rentals on the market at any given time, and standalone duplex-for-sale listings are rare — most multi-family here trades as part of an 11-building or 15-unit bundled portfolio, not as a single deeded asset a smaller investor can actually acquire on its own Forward income opportunity: proximity to Fort Bragg opens the door to federal rent-guarantee programs — HUD-VASH (Fayetteville Metropolitan Housing Authority pays rent directly via HAP contract), SSVF, and the VA Shallow Subsidy (up to 2 years of landlord-paid rental assistance) — reducing vacancy and collection risk on veteran tenants Also available nearby: a twin duplex, a triplex, and an income-producing cabin property Bottom line: a rare, individually-deeded multi-family asset near a major military installation, with a de-risked rehab scope and built-in access to guaranteed-rent tenant programs
Price and status history
- $120,000 → $105,000−$15,000Oct 24, 2026 · 7d ago
- $125,000 → $120,000−$5,000Oct 15, 2026 · 16d ago
Observed by our own harvest of the originating listing, not a public record.
$/sqft vs market
Median of 10 comparable listings matched on ZIP. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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