The Heights at McArthur Park

The Heights at McArthur Park

Fayetteville, NC
Available
  • Property Type: Apartments
  • Year Built : 2009/2011
  • Property Size: 319,200 SF / 288 Units

Overview

Capstone Apartment Partners is pleased to present The Heights at McArthur Park: a 288-unit, 2009/2011 vintage apartment community in Fayetteville, North Carolina. Owned by the original developer, the property has been exceptionally well-maintained with targeted CapEx over the last couple of years. With effectively untouched interior units, The Heights at McArthur Park is ideally positioned to implement a luxury value-add program and achieve significant, market supported premiums. The asset is surrounded by some of the region’s most prolific employers, such as Fort Bragg and is proximate to multiple class-a retail and amenity options for residents to enjoy. Additionally, the property is situated in one of the top submarkets for multi-family fundamentals and demographics, with over 50% of the surrounding area comprised of renters and a robust 16%+ rent growth year over year. With an excellent location, positive multi-family fundamentals, and a significant value-add opportunity, The Heights at McArthur Park presents investors a premier investment opportunity.  

Investment Highlights

  • Owned by the Original Developer with Effectively Untouched Units
  • Majority of Exterior/Amenity CapEx Completed
  • 16% Organic Rent Growth in 2021
  • Attractive Nearby Retail and Walkable Amenities

Contact Information

Caleb Troop Director P: 314.607.3481
O: 800.746.3175 ext. 725
caleb@capstone-companies.com
Alex McDermott Partner P: 704.533.4865
O: 800.746.3175 ext. 700
alex@capstone-companies.com
Austin Green Director P: 704.962.7454
O: 800.746.3175 ext. 701
austin@capstone-companies.com
Thomas Colaiezzi Investment Sales Advisor P: 901.603.8590
O: 800.746.3175 ext. 714
tcolaiezzi@capstone-companies.com
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