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.

Link To Tax Records
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

Location Map

BRIARWOOD APARTMENTS – 273 UNITS IN FAYETTEVILLE, NC
Address: 29 Briar Cir, Fayetteville, NC 28306, USA Price: $ 29,000,000 Unit: 273