Wilson Place 4942-4959 Fieldcrest Dr 26 Unit Apartment Building $2,762,137 CAD ($106,236 CAD/Unit) 6.85% Cap Rate Fayetteville, NC 28303

The Wilson Place Apartments consist of twenty-six (26) stabilized apartment units located in the West Fayetteville Submarket.

There are four buildings in total—three 8-unit buildings (4,600SF) constructed in 1972, and one duplex (1,647SF) constructed in 1968.
Property upgrades during the past 5 years include the following:

• All building roofs replaced (completed within the last 24 months);
• 15 of 26 HVAC systems replaced;
• 23 of 26 units fully updated, including:
o LVP flooring throughout
o Fresh interior paint
o Updated countertops
• Market rents increased by $325+ per unit as renovations were completed;
• Main drain lines replaced in 2 of the 4 buildings;
• Washer and dryer hookups added in all 26 units.

As a result, deferred maintenance is significantly reduced, lowering future capital risk for buyers, and creating a strong value-add opportunity with proven rent growth already in place.

In addition, tenants are billed $50 per month for water usage, creating an additional income stream and helping offset operating expenses.
From a positioning standpoint, this asset offers:

• Major capital items already addressed (roofs, HVAC, plumbing);
• Interior renovations 90% completed;
• Proven rent increases with additional upside remaining on the remaining units;
• Utility cost recovery through tenant water billing.

Currently annual gross operating income is $209,784 with value-add opportunities. The T-12 net operating income for the property is $136,704 (6.85% cap rate).

Wilson Place Apartments are located off Bragg Blvd in the West Fayetteville Submarket just 0.50 miles from the All-American Expressway and 1.75 miles from I-295 Outer Loop, providing the property convenient access to the major roads in and around Fayetteville and to Fort Bragg.

All offers should include purchase price, inspection period, funding source, and appropriate due diligence timelines.