Claremont Hills
Fayetteville, NC
Property Overview
KEY HIGHLIGHTS
- YEAR BUILT 1971 - 1972
- RENOVATED 2023
- UNITS 19
- UNIT MIX ALL 1-BEDROOM
- ACREAGE 2.12 ACRES
- AVERAGE OCCUPANCY RATE 93%
- SIZE 650 SF
- RENT $989 (RENT + MONTHLY FEES)
Claremont Hills is a 19-unit community featuring five, single-story, brick buildings situated around a quiet cul-de-sac in a neighborhood with mostly single-family homes. Located just two miles from the entrance to Ft. Liberty in the West Cumberland County submarket of Fayetteville, N.C., the property offers convenient access to major employment and retail centers.
Current ownership has invested more than $500,000 in capital improvements since 2022. These improvements include new roofs, resurfacing the parking lot, installing water submeters, interior renovations, and more. At an average cost of $16,000 per unit, the interior renovations include; LVP flooring, stainless steel appliances, updated electrical fixtures, refinished bathrooms and bathtubs, new countertops, and more.
This offering represents a rare opportunity to acquire a stabilized and renovated asset of this size. The property consists of four tax parcels located at 7569, 7572, 7571, and 7570 Faraday Place. The same owner is also offering 32 units nearby for sell.
Our Team
Deaton is proud to do business with a handshake as easily as we do over the Internet, beause the goal is always the same: earn, keep and respect the customer’s business.
Located in the Triangle region of North Carolina, encompassing Raleigh, Durham, and Chapel Hill, Deaton GREA specializes in brokering income-producing properties. Throughout all of North Carolina, we maximize opportunities for buyers and sellers of apartments. We work with individual investors to private capital, family offices, and institutional firms. Deaton’s transaction volume exceeds $3.7 billion in multifamily sales.
The company was founded in 1981 by Steve Deaton, who still operates it today. In December of 2023, Deaton joined Global Real Estate Advisors (GREA), a leading player in the multifamily brokerage, lending, and investment advisory sector. This strategic partnership allows Deaton GREA to maintain it’s presence as an independently owned and operated, boutique brokerage firm, with access to a national platform of advisory resources, tools, and clients.