BRIARWOOD APARTMENTS – 273 UNITS IN FAYETTEVILLE, NC
PRICE:
$
29,000,000
STATUS:
Sold
ADDRESS:
29 Briar Cir, Fayetteville, NC 28306, USA
OVERVIEW:
SOLD 11/1/2022 FOR $29,000,000
$106,227 per unit
Deaton Investment Real Estate represented the buyer and Cushman Wakefield represented the seller in this transaction. Located in Fayetteville, N.C., Briarwood Apartments is a 273-unit garden-style apartment community situated on a 21.10 acre site. Built in 1970, the property features spacious one- and two-bedroom floorplans with amenities that include the following: clubhouse, pool, fitness center, playground, and dog park. This is a great value-add opportunity for an asset in a thriving submarket.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 97 UNITS | 1BD/1BA | 680 SF | $854 |
| 80 UNITS | 2BD/1BA | 800 SF | $1,039 |
| 96 UNITS | 2BD/1.5BA | 850 SF | $1,059 |
PROPERTY INFORMATION
| PIN | 0426-24-6687 |
| Tax Value | $9,425,400 |
| Taxes | $134,124.82 |
| Lot Size | 21.10 ACRES |
| Year Built | 1970 |
| Exterior | BRICK |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL AIR/HEAT PUMP |
| Utilities | OWNER PAYS WATER |
| Legal Description | 21.10 AC TALLY LD |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER |
| Sold Date | 2022-11-01 |
| Zoning | R5A |
Agent Information Michael Deaton
Location Map
BRIARWOOD APARTMENTS – 273 UNITS IN FAYETTEVILLE, NC
Address:
29 Briar Cir, Fayetteville, NC 28306, USA
Price: $
29,000,000
Unit:
273