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.