DEATON is pleased to present, as the exclusive broker of the seller, Amelia Drive Apartments. This boutique, multifamily property features 18 luxury units in Fayetteville, North Carolina. Built in 2007, the property features large units, with high-end finishes and has a strong occupancy trend, offering investors stable in-place income from day one.
The opportunity is further enhanced by the ability to significantly expand the size of the property. Current zoning would allow for the construction of an additional 30 to 40 units depending on preferred site layout and design details. This allows investors to execute a phased development strategy while leveraging existing income and infrastructure.
This combination of current cash flow and scaled expansion potential is rare in the Fayetteville market and provides investors with the opportunity to increase scale, improve operational efficiency, and reduce blended basis over time.
Amelia Drive Apartments is well-positioned for investors seeking a hybrid yield + development opportunity in a market supported by strong military and healthcare demand drivers.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 6 UNITS | 2BD/2BA | 1,045 - 1,350 SF | $1,450 |
| 12 UNITS | 3BD/2BA | 1,645 - 1,750 SF | $1,650 |
| PIN | 0426-79-4390 |
| Tax Value | $2,408,700 |
| Taxes | $24,022.52 |
| Lot Size | 2.91 ACRES |
| Year Built | 2007 |
| Exterior | HARDBOARD, BRICK |
| Floors | HARDWOOD, CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | OWNER PAYS WATER & DUMPSTER |
| Legal Description | 2.91 ACS HORNE LD |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, W/D CONNECTIONS |
| Zoning | MR5 |
Agent Information Thomas T Furlow