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Multifamily

238 S Cool Spring Apartments

238 S Cool Spring St, Fayetteville, NC 28301

Listing Price: $250,000

Number of Units
8
Price/Unit
$31,250
Price/Gross SF
$68.36
Gross SF
3,657

Investment Overview

The McDaniels Team of Marcus & Millichap is pleased to present this Offering Memorandum for 238 South Cool Springs St, in Fayetteville, NC an 8-unit apartment building. Located a quarter mile from Downtown Fayetteville. This property offers close proximity to the Segra Baseball Stadium, the main bus station, and just minutes from the Fort Bragg Military Installation. The upside potential of this property is through value-add renovations. This area is central to the Fayetteville Strategic redevelopment plan. Continued growth within the Fayetteville market, coupled with solid employment gains, continues to attract out-of-state capital to the Eastern North Carolina market. Fort Bragg, Carvers Creek State Park, and convenient access to Interstate 95 have solidified the area as a great place for veterans and military personnel. In addition, the area is home to many large companies including Hendrick Automotive Group, Lockheed Martin, Booz Allen Hamilton, Unilever, and Manpower Group. The 238 South Cool Street Apartment’s positioning within the market will allow an investor the ability to build a modern small apartment within walking distance of downtown Fayetteville and provide strong annual returns for this unique investment opportunity.

Investment Highlights

  • Value-Add Opportunity, Convenient to Fort Bragg, Interstate 95, and Downtown Fayetteville.
  • Upside Potential by Developing Modern Units to Capture Renter Demand for Units Near Downtown Fayetteville.
  • Convenient Locations with Easy Accessibility to Major Employers, Retail Corridors, Highways and Schools
  • Solid Market Fundamentals Combined with Market Growth in the Surrounding Area

Exclusively Listed By

Multifamily

238 S Cool Spring Apartments

Listing Price: $250,000

Number of Units
8
Price/Unit
$31,250
Price/Gross SF
$68.36
Gross SF
3,657

Investment Highlights

  • Value-Add Opportunity, Convenient to Fort Bragg, Interstate 95, and Downtown Fayetteville.
  • Upside Potential by Developing Modern Units to Capture Renter Demand for Units Near Downtown Fayetteville.
  • Convenient Locations with Easy Accessibility to Major Employers, Retail Corridors, Highways and Schools
  • Solid Market Fundamentals Combined with Market Growth in the Surrounding Area

Investment Overview

The McDaniels Team of Marcus & Millichap is pleased to present this Offering Memorandum for 238 South Cool Springs St, in Fayetteville, NC an 8-unit apartment building. Located a quarter mile from Downtown Fayetteville. This property offers close proximity to the Segra Baseball Stadium, the main bus station, and just minutes from the Fort Bragg Military Installation. The upside potential of this property is through value-add renovations. This area is central to the Fayetteville Strategic redevelopment plan. Continued growth within the Fayetteville market, coupled with solid employment gains, continues to attract out-of-state capital to the Eastern North Carolina market. Fort Bragg, Carvers Creek State Park, and convenient access to Interstate 95 have solidified the area as a great place for veterans and military personnel. In addition, the area is home to many large companies including Hendrick Automotive Group, Lockheed Martin, Booz Allen Hamilton, Unilever, and Manpower Group. The 238 South Cool Street Apartment’s positioning within the market will allow an investor the ability to build a modern small apartment within walking distance of downtown Fayetteville and provide strong annual returns for this unique investment opportunity.

Exclusively Listed By

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