704-804-3342
2737 Kentberry Ave, Fayetteville, NC for Sale
Apartments - FOR SALE
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2737 Kentberry Ave
Fayetteville, NC 28301
Brookwood


OVERVIEW

Village Chase Apartments is a 36-unit multifamily community located at 2737 Kentberry Avenue in Fayetteville, North Carolina, within the Brookwood submarket. Built in 2010, the property consists of a mix of two-bedroom and three-bedroom units with multiple floor plan configurations, appealing to both families and roommate households. The asset is currently approximately 94% leased, reflecting stable occupancy. The property is structured as a condominium regime, with ownership controlling 35 of the 36 units, providing operational control while offering a well-defined, smaller-scale investment opportunity. Village Chase presents investors with the opportunity to acquire a newer-vintage asset where ownership has already made meaningful progress improving operations since acquisition in early 2025. Economic vacancy has improved from approximately 19% on a trailing 12-month basis to 14% on a trailing three-month annualized basis, demonstrating clear positive momentum. Current average rents are approximately: • $1,263 for 1,100 SF two-bedroom units • $1,295 for 1,197 SF two-bedroom units • $1,384 for 1,318 SF three-bedroom units Remaining economic vacancy is primarily driven by elevated concession usage rather than weak collections, creating a clear path for revenue growth as leasing incentives are reduced. In addition, current operating expenses remain above market levels, providing a secondary opportunity for NOI growth through expense normalization. Village Chase Apartments is being offered individually or as part of a three-property Fayetteville portfolio alongside Karen Lake and Rim Creek, providing investors flexibility to acquire either a standalone asset or scale their presence within the Fayetteville market. SITE TOURS- April 28th, & April 29th CALL FOR OFFERS- May 13th

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

35

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Village Chase Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2010

PARKING SPACES

72

LAND DETAILS

LAND ACRES

5.8 AC

LAND SF

252,866 SF

ZONING

R6

APN/PARCEL ID

0438-89-1126,0438-89-1394,0438-89-2051,0438-89-3466,0438-89-4231,0438-89-5319

ASK ABOUT THIS PROPERTY

John BerginWaterstone Multi-Housing AdvisorsMore Info
704-804-3342

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John BerginWaterstone Multi-Housing AdvisorsMore Info
704-804-3342

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