540 Birdsong Ln
Fayetteville, NC 28303

Waterstone Multi-Family Group is pleased to present the Summerlyn Cottages apartments; a 96-unit Class-A community located in Fayetteville NC. Built in 2010, the property is located only 15-minutes from Fort Bragg (the largest military base in the world, covering 251 square miles, with over 57,000 service members, 25,000 family members, and an additional 14,000 civilian employees). The military represents 76% of the residents at Summerlyn Cottages, the property is currently 100% occupied and has maintained a strong occupancy track record averaging above 95%. The property includes three 24-unit buildings and three 8-unit buildings in addition to the community clubhouse & leasing office, garage & storage facilities, and other common area structures. Units feature premier amenities, including: Granite countertops 9ft ceilings (vaulted ceilings for top-floor units) Crown molding Stainless steel appliances Ceramic backsplashes In addition, property amenities include: Swimming pool Laundry facilities 24-hr fitness center Playground Dog park Private fishing pond Barbeque/grilling area Summerlyn Cottages apartments are located in a quiet, secluded area; and yet are just a 15-minute drive from Fort Bragg via easy access to the All-American Expressway. The Cross Creek Mall shopping, dining, and commercial corridor is another highlight of this location with Summerlyn situated just 1.5-miles from the mall itself, 15-minutes from Downtown Fayetteville area, and 4-minutes from Alger Wilkins High School. This property is also in excellent condition, and has no outstanding capital expenditure needs or requirements. Historically, military markets have trailed the broader real estate market cycles, and faced with the conclusion of the presidential election and a new incoming Administration, the prospect of a rise in military spending levels and/or an increase in active-duty troop levels to face the current challenges worldwide is a compelling argument. Construction of new, competing inventory has also been light in Fort Bragg and similar military markets nationwide in recent years.