1916 Rayconda Rd
Fayetteville, NC 28304

Waterstone Multi-Family Group is pleased to present Woodland Village; a 96 unit Class A apartment community located in Fayetteville, North Carolina for your review. Woodland Village was developed and built with the idea of class and elegance nestled away in just the right setting. The individual apartments feature granite-look countertops, stainless steel appliances, spacious pantry, walk-in closets, private balconies/patios and washer/dryer connections. The overall property features a sparkling pool and grilling area. This 2006 construction project includes 5 buildings that contain 24 one bed/one bath, 44 two bed/two bath and 28 three bed/two bath units. With an asset of this age and caliber, it is in excellent condition with no known capital expenditure needs or requirements, and with excellent long term debt that must be assumed. Construction completed in 2006, Woodland Village is located just 10 miles from Fort Bragg, which employs more service members than any other army installation in the country with 57,900 military personnel. The base has an additional 14,500 civilian employees and 25,000 family members. With the recent change in political climate, the inevitable end of the sequester and the recommitment to increased spending in the Department of Defense, this property and general area is primed for rental growth and the continued burn-off of concessions. With the recent retail boom in the area accompanied with the medical expansion, this asset boasts an overall leased rate currently at 94.8%.