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Monarch at Liberty Pointe

224- Units | Proven Value-add Opportunity | 1999 Quality Construction | Recent Upgrades to 20 Units | 9-Foot Ceilings


Property Highlights:

Year Built / Renovated: 1999 / N/A
Number of Units: 224 Units
Average Square Feet: 916 SF
Total Square Feet: 205,200 SF

Site Details

Site Size / Density: 14.0 Acres; 16.0 Units per Acre Parking: Ample

Unit Features

  • Nine-foot Ceilings
  • Fully-equipped Kitchen with Pantry
  • Frost-free Refrigerator with Icemaker
  • Faux Stainless Steel Appliances*
  • Black Appliances*
  • Open Breakfast Bar
  • Separate Dining Area*
  • Washer/Dryer Connections
  • Laundry/Utility Room*
  • Patio/Balcony with Storage Closet
  • Faux Wood Vinyl Floors
  • Ceramic Tile Tub Surround
  • Walk-in Closet(s)
  • Six-panel Interior Doors
  • Ceiling Fan(s)
  • Window Blinds
  • (*In select units)

Community Amenities

  • Clubhouse/Leasing Office
  • Swimming Pool and Hot Tub
  • Fitness Center
  • Sand Volleyball Court
  • Resident Business Center
  • Laundry Facility
  • Carports
  • Pet Park
  • Car Care Area
  • Small Lake
  • Mail Kiosk(s)

Investment Highlights:

  • Well-occupied asset with numerous quality amenities and features such as nine-foot ceilings.
  • Current owners recently upgraded 20 interiors and are successfully achieving higher rents.
  • Great location just off busy, growing U.S. 401/Ramsey Street (29,000 vehicles per day) at its intersection with I-295.
  • Convenient to numerous large employers, such as Fort Bragg (52,000 jobs), Goodyear, Methodist University, Fayetteville State University, and the VA Medical Center.
  • Within a one-mile radius of the property, the population growth has seen a steady increase of 10.8% between 2010-2017, and it is projected to continue to grow by 6.4% over the next five years.
  • Recent announcement of minor league Huston Astros baseball team to Fayetteville along with new $33M stadium.
  • It was recently announced that the United States government has increased their military spending by 15.5% to $94 million. Fort Bragg could benefit significantly, as it remains the military‚Äôs largest installation and accounts for about 40% of the local economy.

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Contact Information


Barden Brown

Managing Director, Multifamily Sales and Lending
678-894-2221
barden@brownra.com

Steve Mack

Managing Director - Multifamily Sales and Lending
843-298-5137
steve@brownra.com

Bo Brown

President and CEO