Investment Overview

Marcus & Millichap is pleased to present Pineland Express, a 12-unit short-term and mid-term rental community located in the highly desirable Arran Lakes neighborhood of Fayetteville, North Carolina. The property consists of six fully renovated duplexes situated on 1.92 acres, originally built in 1961. Since acquisition in 2019, ownership has invested approximately $1.4 million in comprehensive capital improvements, including but not limited to full down-to-the-studs unit renovations, all new HVAC systems, complete electrical and plumbing replacement, new underground utilities, sewer and lift station installation, upgraded 200-amp service per unit, new windows, fiber infrastructure, security fencing and gated access, extensive grading, and major site work. The unit mix includes eight one-bedroom layouts and four studios, with each unit being fully furnished and equipped with custom rainfall showers, in suite washers and dryers, dedicated fiber optic internet connections, kitchens with full size appliances, and much more. The gated community layout and turnkey operating structure make this an attractive opportunity for investors seeking immediate income with minimal operational lift. The asset is positioned directly off Raeford Road, one of Fayetteville’s busiest corridors, providing strong connectivity and convenient access to retail, dining, and many major employers. Located within Arran Lakes, one of Fayetteville’s most established residential neighborhoods, the property benefits from proximity to Fort Bragg, regional medical centers, and key commuter routes connecting to the broader Fayetteville MSA. The combination of a proven short-term and mid-term rental model, a fully renovated offering, and a high barrier location positions this property as a compelling opportunity for investors seeking both immediate income and long-term upside in the Fayetteville rental market.