Silverstone Apartments

Silverstone Apartments

Charlotte, NC
Under Contract
  • Property Type: Apartments
  • Year Built : 1974
  • Property Size: 88,728 SF / 93 Units

Overview

Capstone Apartment Partners is pleased to present Silverstone Apartments: a 1974 vintage, 93-unit, garden-style apartment community located in Charlotte, North Carolina. Silverstone represents a prime opportunity to acquire a high-quality, well-maintained asset, with potential to significantly boost NOI through completion of an enhanced value-add initiative capable of achieving rental premiums up to $370. Located directly off Interstate 85 (161,550 VPD) and W Sugar Creek Road (34,868 VPD), the property is surrounded by an abundance of retail and amenities and is within a 10-minute drive to multiple business parks, most notably the Whitehall Corporate Center. With an excellent location, favorable renter demographics in the submarket, and an untouched value-add opportunity, Silverstone presents investors with an excellent asset poised for long term rent growth.

Investment Highlights

Significant Value-Add Opportunity

Organic Rent Growth Achievable as Market Rents Are Below Direct Competitors

Favorable Demographics in Booming Submarket

Nearby New Development and Subsequent Employment Growth

Contact Information

Ron Corrao Managing Director P: 757.749.6994
O: 800.746.3175 ext. 712
ron@capstone-companies.com
Jourdan Sullivan, MAI Investment Sales Advisor P: 903.450.3898
O: 800.746.3175 ext.749
jsullivan@capstone-companies.com
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