Nova Ridge

Nova Ridge

Charlotte, NC
Available
  • Property Type: Apartments
  • Year Built : 1974/2021
  • Property Size: 246,031 SF / 288 Units

Overview

Capstone Apartment Partners is pleased to present Nova Ridge Apartments and Townhomes: a 1974 vintage, 288-unit, garden & townhome style community located in Charlotte, North Carolina. The property recently underwent a $10.25M, full-scale remodel inclusive of two levels of interior renovations and multiple amenity and exterior improvements, making it one of the premier rental options in West Charlotte. Nova Ridge currently features 161 units with standard upgrades and 127 units with luxury upgrades, providing new ownership the opportunity to bring all units to the luxury upgrade level and achieve additional premiums. The property is located off Wilkinson Blvd in West Charlotte and is a short drive to Uptown, South End, and the Charlotte Douglas International Airport, giving residents an abundance of job opportunity and economic demand drivers within a short commute. With positive rental demographics in the sub-market and the opportunity for rental growth through a value-add program, Nova Ridge is poised for growth for years to come.

Investment Highlights

  • $10.25M+ CapEx Invested
  • Additional Value-Add Opportunities
  • Strong Sub-Market Rental Demographics
  • Job Opportunities and New Development
  • Retail, Amenities, and Connectivity 

Contact Information

Alex McDermott Partner P: 704.533.4865
O: 800.746.3175 ext. 700
alex@capstone-companies.com
Austin Green Director P: 704.962.7454
O: 800.746.3175 ext. 701
austin@capstone-companies.com
Caleb Troop Director P: 314.607.3481
O: 800.746.3175 ext. 725
caleb@capstone-companies.com
Rhodes Marley Investment Sales Advisor P: 704.840.5927
O: 800.746.3175 ext. 736
rhodes@capstone-companies.com
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