FAYETTEVILLE PORTFOLIO – 324 UNITS
Address: |
103 Weatherstone Dr, Fayetteville, NC 28311, USA |
Overview: |
SOLD 4/14/2022 FOR $37,900,000
$116,975 per unit
Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction. This deal represented the purchase of 324 units across two assets including, Heather Ridge Apartments and North Crossings Apartments, both of which are located in the growing sub-market of Fayetteville, N.C. This offering provides a buyer the opportunity to increase profitability through strategic value-add improvements.
Built in 1974, Heather Ridge Apartments feature 204-units across a mix of one-, two-, and three-bedroom floorplans.
Built in 1986, North Crossings Apartments feature 120-units across a mix of one- and two-bedroom floorplans.
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