Investment Overview

Marcus & Millichap is pleased to present the Starbrook Road Apartments in Fayetteville, NC. This 8-unit apartment building is within minutes of the Fort Liberty Army Installation, Cross Creek Mall, and Tallywood Shopping Center. Starbrook Road Apartments provide tenants easy access to employment, entertainment, and other nearby economic generators. Fayetteville has had significant renovations around Starbrook Road Apartments, including downtown Fayetteville, Fayetteville Regional Airport, Fayetteville State University, and Fayetteville Technical Community College. Starbrook Road Apartments operates below market rents, with new ownership having upside potential through continued rent growth. Renovations to modernize these Units have been implemented over the last three years, including new HVAC units, flooring, and appliances. Starbrook Road Apartments is a high-value asset due to military renter demand for renovated units in the Fayetteville area. Continued growth within the Fayetteville market, the pressure of new Soldiers and Airmen moving to Fort Liberty regularly, and other solid employment opportunities continue attracting out-of-state capital to this Eastern North Carolina market. Fayetteville has many large companies, including Hendrick Automotive Group, Lockheed Martin, Booz Allen Hamilton, Unilever, and Manpower Group. Large investment banks and syndicators buy properties throughout Fayetteville, modernize homes, and drive market prices.