Available For Sale - Multifamily

75,904 SF

Download Brochure

LISTED BY

Samantha Lederer
One Alliance Companies, 704-765-4620
Spencer Crigler
One Alliance Companies, 704-765-4620
Paula Quickel
One Alliance Companies, 704-765-4620

AVAILABILITY DETAILS

Size
75,904 SF
Price/SF
N/A - Contact for Info
Listing ID
SA554923
Notes
- One Alliance Companies is pleased to present the opportunity to own New Town Apartments; a 102 unit set of apartment homes located in the Northern portion of Fayetteville, NC.

- The property is situated just off of Exit 25 B on I-95 between McArthur and Honeycutt Road. If you head South of McArthur it will take you to Hwy 401 where there is a plethora of new developments, ranging from Class A apartment communities to new shopping and restaurants such as Chic Fil A and Starbucks. This area is located roughly 3.5 miles from the apartments.

- To the north is Fort Bragg, the largest military base in the country and located less than 3 miles from New Town.

- The property consists of 102 total units across 46 buildings, located on 23 separately deeded parcels. There are 35 duplexes, 7 quadplexes and 4 single family dwellings. A total of 75,904 sq. ft., with units ranging from 660 to 776 sq. ft. (average 744 sq. ft.). 28 Units are 1 Bedroom 1 Bath and 74 units are 2 Bedroom 1 Bath. For a full list of addresses and parcel IDs, please contact the listing broker and refer to the parcel map on page 8.

- Over the past 2 years, the owner spent a considerable amount of money renovating and improving the tenant base. Since 2022 roughly 40 of the units have been renovated. The renovations mostly included fresh paint, flooring, cabinets, tile, vanities, appliances and the installation of new minisplit systems.

- The properties are currently on a shared well system and separately metered for electric.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Samantha Lederer, One Alliance Companies