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

UnitTypeSizeRent
97 UNITS1BD/1BA680 SF$854
80 UNITS2BD/1BA800 SF$1,039
96 UNITS2BD/1.5BA850 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