Highland at Haymount
Value-Add Multifamily | 24 Units
Marketing description
HAYMOUNT APARTMENT COMMUNITY WITH RECENT RENOVATIONS
Highland at Haymount is a 24-unit apartment community consisting of three all-brick buildings, offering a mix of twelve 2-bedroom/1 bathroom and twelve 1-bedroom/1-bathroom units. Built in 1946, the property is well-constructed with new windows, roofs, and gutters, and many units feature original hardwood flooring and spacious rooms. Located in a prime A-area next to Oakridge, it is within walking distance of Haymount and a short drive from downtown Fayetteville. Renovations are complete or underway on 21 of the 24 units. Each building has tankless, gas-powered water heaters located in the basement, with the cost billed to the property. Roughly half of the HVAC systems use gas for heat, and these units are individually metered for gas. The property also provides common area laundry facilities in the basement, with the interior common area stairwells currently being upgraded with new paint, flooring, and light fixtures
Investment highlights
VALUE-ADD Opportunity to upgrade interiors, renovate units, refresh amenities and reposition in high-demand Haymount submarket.
CAPITAL INFUSION Planned unit enhancements, community refresh, landscaping, branding.
MARKET TAILWINDS Central Fayetteville area experiencing ~6% YoY price growth; strong local rental demand.
SUPPLY SIDE DEFICIT Newly delivered units concentrated outside central submarkets, limiting competition and preserving rental upside
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