Garden-Style Apartment
For Sale
Contact for pricing
Pending
6535 Jefferey Dr, Fayetteville, NC 28314
144-unit apartment building is 100% occupied, with recent repainting and on-site coin-operated community laundry.
Days on Market111
Property Features for 6535 Jefferey Dr
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
144
Building Details
Tenancy
Multi
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 29 at 4:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waller Group Homes
Investment Insights
Based on property information with market context.
Offered for sale, this value-add garden-style apartment building contains 144 units and is currently 100% occupied. The property underwent repainting of all buildings in January. Roof replacements were completed in 2014 for all but one building, which was last replaced in 2005. There are two on-site storage buildings, including two units measuring 24x40 and one unit measuring 8x15. Community amenities include six coin-operated washer and dryers on site.
The property is located in the Westover neighborhood in Fayetteville, approximately seven miles west of downtown and directly south of Fort Bragg. Westover is also home to Cross Creek Mall. The West Cumberland County multifamily submarket has reported 11.0% 12-month effective rent growth with a 4.7% vacancy rate.
New ownership may pursue minor exterior renovation and interior modernization based on the current management approach, which has focused on routine repairs and maintenance. The current ownership reports annual NOI of $119,826.
The property is located in the Westover neighborhood in Fayetteville, approximately seven miles west of downtown and directly south of Fort Bragg. Westover is also home to Cross Creek Mall. The West Cumberland County multifamily submarket has reported 11.0% 12-month effective rent growth with a 4.7% vacancy rate.
New ownership may pursue minor exterior renovation and interior modernization based on the current management approach, which has focused on routine repairs and maintenance. The current ownership reports annual NOI of $119,826.
Key Highlights
- 144‑unit apartment property in Fayetteville, NC with 100% occupancy
- Ownership repainted all buildings in January; 2 storage buildings on site (24x40 and 8x15 units)
- Roofs replaced in 2014 for all but one roof, which was replaced in 2005
Property Analytics
Current Use
Lease Details
144
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 28314, NC
54,271
Population
24,832
Households
2.2
Avg Household Size
33
Median Age
28%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
2,797
Density / Sq Mi
$60,036
Median Household Income
$38,047
Median Earnings
$1,197
Median Rent
$172,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 144-unit apartment building is 100% occupied, with recent repainting and on-site coin-operated community laundry.
Where is this apartment building located?
The property is located at 6535 Jefferey Dr Fayetteville, NC.
What are key features of this property?
This property features: 144‑unit apartment property in Fayetteville, NC with 100% occupancy; Ownership repainted all buildings in January; 2 storage buildings on site (24x40 and 8x15 units); Roofs replaced in 2014 for all but one roof, which was replaced in 2005
