Magnolia Crossing Apartments
Value-Add Multifamily | 32 Units
Marketing description
TURNKEY FORT LIBERTY ASSET WITH RECENT UPGRADES
Magnolia Crossing is a 32-unit apartment community featuring all 2-bedroom, 1.5-bathroom units built in 1975, located near Fort Liberty. The property is in excellent condition, with new roofs installed in the fall of 2021. Due to the previous owner’s background in the HVAC industry, nearly all HVAC systems are newer than 2017. All units have individual water and electric meters, and the wiring is copper. So far, 29 of the 32 units have been fully renovated at a cost of $17,000 per unit.
Investment highlights
VALUE-ADD Brick-exterior garden-style community targeting repositioning via unit interior upgrade and refreshed amenities.
CAPITAL INFUSION Interiors, landscaping, signage, parking lot improvements.
MARKET TAILWINDS Continued affordability pressure supports strong occupancy; Fayetteville balanced market with sustained turnover.
SUPPLY SIDE DEFICIT Despite broad-state new deliveries, Cumberland County remains supply constrained relative to population base.
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