The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Parcstone Apartment Homes, a 400-unit apartment community, and Stone Ridge Apartments, a 216-unit apartment community located in Fayetteville, NC. These assets are situated nearby the region’s largest economic drivers, including Fort Liberty, the largest military base in the world. Built in 2011 and 2008, Parcstone & Stone Ridge offer an outstanding opportunity to invest in a market with strong multifamily trends and high demand, supported by a 58% white collar population and 50% 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 assets are in one of the most highly sought-after pockets of Fayetteville.
The properties are two of the most amenitized in Fayetteville, with multiple fitness centers, swimming pools, renovated clubhouses, walking trails, outdoor kitchen and grill stations, 2 ponds, a volleyball court, playgrounds, and dog parks. Parcstone was voted the Best Apartment Complex in Fayetteville for 2024 at the Fayetteville Community Choice Awards and has ranked #1 four times in the last 5 years. With a proven value-add program, investors have the opportunity to continue renovations and increase annual NOI by 24%+ at both properties.
...