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1004 Appamattox CtFayetteville, NC 28305
Residences at Haymount
Asset ClassMultifamily
overview of deal

Overview

Residences at Haymount is a 40‑unit property consisting of 38 one‑bedroom and two two‑bedroom units, along with a separate leasing office building. Built in 1992, the single‑story, vinyl‑sided buildings are on slab foundations and contain no polybutylene plumbing. The location is excellent, situated in the desirable Haymount area and adjacent to the Historic Downtown and its new baseball stadium. The one‑bedroom units are notably spacious and lease quickly. Expenses are low, as the property is a low‑maintenance build with new vinyl siding installed in 2020. Additionally, 36 of the 40 units have been renovated to a high standard, with an average cost of $14,000 per unit. Each apartment has individual water and electric meters, eliminating the need for submetering.

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Investment Highlights

# Buildings
6
# Units
40
Rentable SF
37,000
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deal gallery image
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1004 Appamattox CtFayetteville, NC 28305

Deal Team Contacts

John ManningSenior Managing Director919.238.4903jmanning@greysteel.com

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