Rolling Hills Townhomes

Rolling Hills Townhomes

Salisbury, NC
Available
  • Property Type: Apartments
  • Year Built : 1972
  • Property Size: 70,900 SF / 61 Units

Overview

Capstone Apartment Partners is pleased to present Rolling Hills Townhomes, a 61-unit, 1972 vintage, multi-family community located in Salisbury, NC. Rolling Hills Townhomes presents potential investors with an ideal value-add asset in a well-connected location. Conveniently situated off Statesville Boulevard (US-70), residents have immediate access to Jake Alexander Boulevard W (U.S. 601), which connects to U.S. 29, I-85, and numerous demand drivers in the surrounding area. Additionally, the market will benefit from two major recent job announcements. Jeld-Wen is investing $7.9 Million into a new manufacturing plant in Statesville that will create 235 jobs, and Doosan Bobcat is investing $70 Million into a 68-acre expansion to their existing 92-acre campus that will create 250 full-time positions. New ownership will benefit from little to no deferred maintenance at the property, which will allow them to immediately allocate funds towards completing the in-place value-add program, push rents, and achieve a higher NOI.

Investment Highlights

Ideal Value-Add Program with Little to No Deferred Maintenance 
Well-Connected Location Accessible to Major Demand Drivers In Surrounding Market 

Contact Information

Caleb Troop Director P: 314.607.3481
O: 800.746.3175 ext. 725
caleb@capstone-companies.com
Ron Corrao Director P: 757.749.6994
O: 800.746.3175 ext. 712
ron@capstone-companies.com
Eric Liebich Investment Sales Advisor P: 248.225.3706
O: 800.746.3175 ext. 730
eric@capstone-companies.com
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