South Winds

Posted: 7/6/2017
SOLD
216 Units
Want to add this to My Listings (or tell us why you're not interested)?
Log In or Register ...

Photos

Slideshow Image
South Winds
Slideshow Image
South Winds
Slideshow Image
South Winds
Slideshow Image
South Winds
Slideshow Image
South Winds
Slideshow Image
South Winds
Slideshow Image
South Winds
Slideshow Image
South Winds
Slideshow Image
South Winds
Slideshow Image
South Winds
Slideshow Image
South Winds
Slideshow Image
South Winds

About

About South Winds

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit South Winds apartment community in the Fayetteville, NC MSA. Built in 1988 / 1997, South Winds is located in close proximity to Fayetteville’s largest employers including Goodyear Tire & Rubber, Pope Field Army Airfield, and Fort Bragg. The property is uniquely positioned to create significant organic growth as average rents in the market are expected to rise by 8% through 2021 as vacancies are forecast to plummet to 4%. South Winds is positioned to boost NOI by 164% through 2021. The lack of Class B competition in the submarket offers a high rent ceiling driven by 2000-built competitors that are obtaining $225 higher rents on average – providing significant value-add rent growth runway for new ownership.