Silverstone Apartments

Silverstone Apartments

Charlotte, NC
Available
  • 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

Austin Green Director P: 704.962.7454
O: 800.746.3175 ext. 701
austin@capstone-companies.com
Thomas Colaiezzi Investment Sales Advisor P: 901.603.8590
O: 800.746.3175 ext. 714
tcolaiezzi@capstone-companies.com
Alex McDermott Partner P: 704.533.4865
O: 800.746.3175 ext. 700
alex@capstone-companies.com
Caleb Troop Director P: 314.607.3481
O: 800.746.3175 ext. 725
caleb@capstone-companies.com
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