6535 Jefferey Dr Fayetteville, NC 28314

Listing agency Waller Group Homes l***@loganwaller.com Show Phone

Listed by Logan Waller · License #TX 0479147

Source Crexi

Added: Apr 11 Updated: Jul 21 at 7:14AM Checked: Jul 21 at 7:14AM

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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.

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

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FAQs

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