Claremont Hills Apartments
Value-Add Multifamily | 19 Units
Marketing description
RECENTLY RENOVATED ASSET NEAR FORT LIBERTY
Claremont Hills is a quiet, scenic property offering 19 one-bedroom, one-bathroom units located in five single-story, all-brick buildings. Situated within a single-family neighborhood near the Fort Liberty area, the property provides a peaceful living environment. To date, 18 of the 19 units have been renovated to a high standard, with an average renovation cost of $16,000 per unit. These renovated apartments feature PTAC air conditioning and baseboard heating, with units replaced as needed, which contributes to a low ongoing maintenance expense. The property also has a low expense ratio due to all major capital expenditures, including roofs and the parking lot, already being completed. Each apartment has a separate electric meter and submetered water, and all units include in-unit laundry.
Investment highlights
VALUE-ADD Value-add repositioning with unit interior upgrades, community landscaping, amenity enhancement.
CAPITAL INFUSION Planned upgrades likely include appliances, flooring, kitchens & baths, and curb appeal enhancements.
MARKET TAILWINDS Same macro drivers as above; demand from military families and affordable segment continues strong.
SUPPLY SIDE DEFICIT Fayetteville’s multifamily pipeline lags behind regional metros; strong demand absorption in local market.
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