Fairview Village Apartments

Fairview Village Apartments

Lexington, NC
  • Property Type: Apartments
  • Year Built : 1974
  • Property Size: / 120 Units


Capstone is pleased to present Fairview Village, a 120-unit, 1974-vintage apartment community in Lexington, North Carolina. Fairview Village presents investors with a unique opportunity to complete and expand on the in-place value-add program, which is achieving substantial premiums over classic units. Current ownership has kept Fairview Village very well-maintained and has invested significantly in targeted capital expenditures over the past few years. Favorable demographics in the Davidson County submarket have resulted in rent growth of over 8.0% and home values increasing over 13% within the last year. With multiple major job announcements recently announced in Lexington, these increases are expected to continue over the next few years. Additionally, Fairview Village benefits from outstanding regional connectivity offering residents direct access to an abundance of demand drivers within the area and beyond. Limited new construction coupled with increasing market fundamentals provides an outstanding opportunity for assets such as Fairview Village to increase rents markedly through value-add renovations; thus, achieving a substantially higher NOI.

Investment Highlights

  • Attractive In-Place Financing
  • Well-Positioned Asset Poised for Completion of Proven Value-Add Program
  • Favorable Market Fundamentals & No New Supply
  • Highly Accessible Location Proximate to an Abundance of Demand Drivers

Contact Information

Ron Corrao Managing Director P: 757.749.6994
O: 800.746.3175 ext. 7012
Eric Liebich Director P: 248.225.3706
O: 800.746.3175 ext. 7030
Matt Weinstein Investment Sales Advisor P: 703.987.0236
O: 800.746.3175 ext. 7032
Dane Lozier Investment Sales Advisor P: 858.395.6900
O: 800.746.3175 ext. 7053
Travis Cundiff Investment Sales Advisor P: 919.601.3119
O: 800.746.3175 ext. 7092