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Berkshire Road Apartments, 33 Unit Complex 1133-1144 Berkshire Rd 33 Unit Apartment Building $5,207,558 CAD ($157,805 CAD/Unit) Fayetteville, NC 28304
Investment Highlights
- Located less than one mile from Cape Fear Valley Medical Center and Methodist University’s medical school.
- 33 two-bedroom, one-bath units with washer/dryer hookups and storage areas.
- Approximately 655 feet of frontage on Berkshire Road across 4.02 acres.
- Positioned within the Glendale Subdivision with convenient access to Owen Drive and Raeford Road.
- Recent renovations include HVAC, flooring, cabinetry, countertops, and bathroom fixtures.
- Offered at $115,000 per unit with appraisal completed in December 2024.
Executive Summary
Recently renovated Apartments ideally located less than one mile from Cape Fear Valley Medical Center and the new Methodist University Cape Fear Valley Health School of Medicine. This property is situated in the safe and desirable Glendale Subdivision—making it a strong investment opportunity with excellent rental appeal. Located off Owen Drive and near Raeford Road with abundant retail and dining options nearby. The property spans approximately 4.02 acres and features 655 feet of frontage along Berkshire Road. There's a total of 33 units and each unit is 2 bedroom, 1 bath with washer and dryer hook up, storage area at the rear, and central heating and cooling. The majority of units have been totally remodeled in the last two years to include HVAC, flooring, paint, countertops, cabinetry and updated bathroom fixtures. Offered at $115,000 per unit with a December 2024 appraisal on file. Property is Broker Owned.
Property Facts
| Price | $5,207,558 CAD | Building Class | C |
| Price Per Unit | $157,805 CAD | Lot Size | 4.02 AC |
| Sale Type | Investment | Building Size | 28,592 SF |
| No. Units | 33 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 2.45/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MR-5 - Mixed Residential | ||
| Price | $5,207,558 CAD |
| Price Per Unit | $157,805 CAD |
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.02 AC |
| Building Size | 28,592 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 2.45/1,000 SF |
| Zoning | MR-5 - Mixed Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 33 | - | 800 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0427-00-7316 | Improvements Assessment | $0 CAD |
| Land Assessment | $23,142 CAD | Total Assessment | $23,142 CAD |
Property Taxes
Parcel Number
0427-00-7316
Land Assessment
$23,142 CAD
Improvements Assessment
$0 CAD
Total Assessment
$23,142 CAD
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Berkshire Road Apartments, 33 Unit Complex | 1133-1144 Berkshire Rd
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