The Summit on 401

About The Summit on 401

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Summit on 401, a 291-unit apartment community located in Fayetteville, NC. This asset is situated nearby the regions largest economic drivers, including Fort Liberty, the largest military base in the world.

Built in 2012, The Summit on 401 offers an outstanding opportunity to invest in a market with strong multifamily trends and high demand, supported by a 55% white collar population and 56% renter-occupied housing. Located just minutes from a plethora of retail, including the 1M+ SF Cross Creek Mall, one of the largest malls in North Carolina, and the Skibo Road retail corridor, The Summit on 401 is in one of the most highly sought-after pockets of Fayetteville. The property is one of the most amenitized assets in Fayetteville and has an in-place value-add program where renovated units are achieving $100+ premiums over classic 1-bedroom units and $150 for 2-and-3-bedroom units. By completing the value-add initiative, incoming investors can increase annual NOI by a staggering 36%+.