Cape Fear Townhomes | Fayetteville, NC

Property Overview

Visit Cape Fear Landing Page: CapeFearTownes.com

Foundry Commercial, LLC, a North Carolina Broker through its Multifamily Investments Group (referred to as “FMF”), has been retained as the exclusive agent for the owner of Cape Fear Townhomes. FMF is honored to present Cape Fear Townhomes for sale. This townhome community, located in Fayetteville, NC, just off McArthur Blvd, offers easy access to Fort Liberty and all major employment areas of Fayetteville via I-295. It is also minutes away from the Ramsey Street retail corridor, which includes national tenants such as Lowe’s Home Improvement, Chick-fil-A, and Starbucks.

The offering comprises 57 units across 4.6 acres, all featuring 2 bedrooms and 2.5 bathrooms with varying finish levels. The existing assumable debt is highly accretive to value, with over 4 years of term remaining at 3.35%.

Fayetteville is home to Fort Liberty, formerly Fort Bragg, which is the largest U.S. military installation in the world. The Department of Defense has a significant presence in the area, including hundreds of thousands of active-duty military members, veterans, family members, and affiliated contractors. These individuals bring expertise in fields such as engineering, project management, logistics, and cyber warfare. Ongoing investments by private and public entities are transforming the Fayetteville economy.

Recent economic development wins are revitalizing the area. These wins include:
•Amazon Inbound Cross-Dock facility (1,000 jobs)
•$867 million investment from American Titanium Metal, LLC (300 jobs)
•Expansion of I-95 to six lanes throughout North Carolina
•Completion of the I-295 loop around the southern portion of Fayetteville
•Designation of downtown Fayetteville as an opportunity zone
This transformation is positioning Fayetteville as a premier logistics hub with access to four major ports within 300 miles and numerous airports.

The property offers five distinct finish levels: Classic, Traditional, Patio, Silver, and Gold. Currently, ownership has achieved $1,400 per month in two of the three Gold units, while the Classic units have an in-place rent of $1,044. With only three Gold units on the property, there is significant value-add potential for new ownership to unlock rent premiums by upgrading the remaining 54 units to Gold standards. For further details on the unit mix and the proposed value-add strategy, refer to pages 13, 18-19, and 25. The property enjoys a strong 96.49% occupancy rate, supported by a consistent track record of high occupancy. Strategically located near Fort Liberty, major employment centers, and a mix of local and national retailers, Cape Fear Townhomes is well-positioned to generate strong risk-adjusted returns in a market that boasts solid fundamentals and is primed for accelerated growth.