BRIARWOOD APARTMENTS – 273 UNITS IN FAYETTEVILLE, NC

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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	Owner Financing	NONE
Utilities	OWNER PAYS WATER	Appliances	RANGE, REFRIGERATOR, DISHWASHER
Legal Description	21.10 AC TALLY LD	Zoning	R5A
Sold Date	11/01/2022

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Agent Information

Michael Deaton