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Channing Apartments 29 Briar Cir 273 Unit Apartment Building For Sale Fayetteville, NC 28306
Executive Summary
Deaton is pleased to present, as exclusive broker to the seller, Channing Apartment Homes, a 273-unit, garden-style multifamily community located in Fayetteville, North Carolina.
Channing represents a compelling opportunity to acquire an institutional-scale, value-add asset with in-place cash flow and clear, near-term NOI growth potential. The Property features a mix of one- and two-bedroom floorplans, well-suited to Fayetteville’s strong workforce housing demand and providing attainable rental options to a broad and durable tenant base.
Ownership has invested over $3 million in capital improvements over the past several years, including new roofs, significant interior renovations, and upgrades to common area amenities and the clubhouse. The community offers a full suite of amenities, including a swimming pool, fitness center, clubhouse, outdoor gathering areas, and pet-friendly features.
Strategically located with proximity to Cape Fear Valley Medical Center, Fort Bragg, and major retail and employment corridors, the Property benefits from strong demand drivers and favorable market fundamentals, including a limited new supply pipeline.
Channing Apartment Homes offers investors the opportunity to acquire a well-located, institutional-quality asset with proven cash flow, embedded value-add, and durable long-term demand drivers in one of North Carolina’s most stable workforce housing markets.
Channing represents a compelling opportunity to acquire an institutional-scale, value-add asset with in-place cash flow and clear, near-term NOI growth potential. The Property features a mix of one- and two-bedroom floorplans, well-suited to Fayetteville’s strong workforce housing demand and providing attainable rental options to a broad and durable tenant base.
Ownership has invested over $3 million in capital improvements over the past several years, including new roofs, significant interior renovations, and upgrades to common area amenities and the clubhouse. The community offers a full suite of amenities, including a swimming pool, fitness center, clubhouse, outdoor gathering areas, and pet-friendly features.
Strategically located with proximity to Cape Fear Valley Medical Center, Fort Bragg, and major retail and employment corridors, the Property benefits from strong demand drivers and favorable market fundamentals, including a limited new supply pipeline.
Channing Apartment Homes offers investors the opportunity to acquire a well-located, institutional-quality asset with proven cash flow, embedded value-add, and durable long-term demand drivers in one of North Carolina’s most stable workforce housing markets.
Property Facts
| Sale Type | Investment | Lot Size | 21.10 AC |
| No. Units | 273 | Building Size | 212,240 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | C | Parking Ratio | 2.21/1,000 SF |
| Zoning | MR-5 | ||
| Sale Type | Investment |
| No. Units | 273 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 21.10 AC |
| Building Size | 212,240 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.21/1,000 SF |
| Zoning | MR-5 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Eat-in Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Tennis Court
- Furnished Units Available
- Package Service
- Lounge
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 97 | - | 680 |
| 2+1 | 80 | - | 800 |
| 2+1.5 | 96 | - | 850 |
Moderately walkable
60/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0426-24-6687 | Improvements Assessment | $11,600,182 CAD |
| Land Assessment | $704,944 CAD | Total Assessment | $12,305,126 CAD |
Property Taxes
Parcel Number
0426-24-6687
Land Assessment
$704,944 CAD
Improvements Assessment
$11,600,182 CAD
Total Assessment
$12,305,126 CAD
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Channing Apartments | 29 Briar Cir
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