Creekside Apartments

Creekside Apartments

Hickory, NC
Available
  • Property Type: Apartments
  • Year Built : 1982
  • Property Size: 110,160 SF / 118 Units

Overview

Capstone Apartment Partners is pleased to present Creekside Apartments: a 1981 vintage, 118-unit garden-style community located in Hickory, NC. The property has been exceptionally well maintained by current ownership, with over $1.8M invested in CapEx to date. Creekside recently underwent extensive interior upgrades, with roughly 44% of the units getting a full-scale remodel and 50% of the units getting a partial remodel, providing a perfect canvas for the continuation of the value-add program to achieve significant premiums. The property is conveniently located right outside the heart of Hickory, offering residents convenient access to multiple economic demand drivers, retail, and job opportunities. Additionally, Hickory has seen an impressive year-over-year rent growth of +10%, as well as positive multi-family fundamentals, positioning the property for growth for years to come.

With the opportunity for significant premiums through the continuation of the value-add program, positive multi-family fundamentals, and an excellent location in Hickory, Creekside Apartments is one of the premier investment opportunities in Hickory. 

Investment Highlights

  • Recent Capital Infusion and Limited Deferred Maintenance
  • Significant Value-Add Opportunity
  • Positive Multi-Family Fundamentals
  • Job Growth in Catawba County
  • Proximity to Retail and Amenities

Contact Information

Austin Green Director P: 704.962.7454
O: 800.746.3175 ext. 701
austin@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
Thomas Colaiezzi Investment Sales Advisor P: 901.603.8590
O: 800.746.3175 ext. 714
tcolaiezzi@capstone-companies.com
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