Brookstone Apartments – 282 Units

Waterstone Multi-Family Group is pleased to present the Brookstone apartments, a 282-unit Class-A property located in Fayetteville, NC. Built in 1998, the property is only 5 minutes from Fort Bragg (the largest military base in the world, with over 53,000 active duty, and 14,000 civilian personnel).

Property amenities include:

  • Clubhouse
  • Fitness center
  • Laundry facility
  • Playground area
  • Swimming pool
  • On-site storage available
  • Furnished-unit options available
  • Private unit patios
  • Water, sewer, and trash services included

 

Brookstone is located along Bragg Blvd/Hwy24, with direct access to both Fort Bragg and downtown Fayetteville. It lies next door to the Cliffdale library, 2.8 miles from the Cross Creek Mall & Westwood shopping and entertainment district, 3 miles from Lake Rim Park, 2.5 miles from Interstate-295, and is situated within 4 miles of the nearest High school, Middle school, and Elementary school.

PLEASE NOTE: This is a debt-assumption deal. Current financing is in place through November 2021 at a fixed rate of 4.9%.

Since the election of the new Administration, there has been a renewed focus on Defense spending and military preparation efforts at a national level. Military markets offer investors the employer stability normally found in larger MSA’s, with the natural business-cycle investment hedge commonly found in the military market sector (vs prime market investments).

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Other

  • Address: 6430 Brookstone Lane Fayetteville, North Carolina 
  • Area: Fayetteville 
  • Number of Units: 282 
  • Year Built: 1998 
  • Acres: 12.42