Briarcliff

Posted: 10/9/2019
80 Units
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Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff
Under Contract
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Briarcliff

About

About Briarcliff

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 80-unit Briarcliff apartment community located in Wilson, NC. This asset is situated within close proximity to the area’s premier retail and employment and is also strategically located near the intersection of I-95 and I-795, providing ease of access to both Raleigh and Wilmington. In addition to the location advantages, the submarket has seen a phenomenal 6% year-over-year rent growth since 2016. This growth is a result of an increasingly affluent renter base who are projected to see a 10% increase to HHI income over the next 5 years, while unemployment levels dwindle to 3.8%. Built in 1966, Briarcliff represents the opportunity to investment in an asset that has recently received a large-scale exterior renovation and is primed to see a 50% increase to NOI through a multipronged value-add program.

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