1133-1144 Berkshire Rd - Apartments FOR SALE


Fayetteville, NC 28304- Terry Sanford
$3,800,000 USD
910-527-3177
1133-1144 Berkshire Rd, Fayetteville, NC for Sale
$3,800,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

1133-1144 Berkshire Rd
Fayetteville, NC 28304
Terry Sanford


HIGHLIGHTS

  • Located less than one mile from Cape Fear Valley Medical Center and Methodist University’s medical school.
  • Positioned within the Glendale Subdivision with convenient access to Owen Drive and Raeford Road.
  • 33 two-bedroom, one-bath units with washer/dryer hookups and storage areas.
  • Recent renovations include HVAC, flooring, cabinetry, countertops, and bathroom fixtures.
  • Approximately 655 feet of frontage on Berkshire Road across 4.02 acres.
  • Offered at $115,000 per unit with appraisal completed in December 2024.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

33

PRICE/UNIT

$115,152

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Berkshire Road Apartments, 33 Unit Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

70

LAND DETAILS

LAND ACRES

4.02 AC

LAND SF

175,111 SF

ZONING

MR-5

APN/PARCEL ID

0427-00-7316,0427-00-8217

ASK ABOUT THIS PROPERTY

Michael PaschalFranklin Johnson Commercial Real EstateMore Info
910-527-3177

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Michael PaschalFranklin Johnson Commercial Real EstateMore Info
910-527-3177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.