The Ridge at Enderly Park

The Ridge at Enderly Park

Charlotte, NC
Under Contract
  • Property Type: Apartments
  • Year Built : 1964
  • Property Size: 33,600 SF / 44 Units

Overview

Capstone Apartment Partners is pleased to present The Ridge at Enderly Park: a 44-unit, garden style apartment complex located in the flourishing Freedom Drive corridor of Charlotte, NC. Built in 1964, this asset represents the ideal value-add investment opportunity. Continuation of the current value-add program will allow new ownership the ability to capitalize on a solid foundation and immediately increase NOI through the completion of the program. Additionally, The Ridge at Enderly Park has received over $630,000 in capital expenditures since 2016, which helps lay the foundation to implement NOI driving operational efficiencies. The Ridge at Enderly Park is ideally situated in the path of growth and resides within an Opportunity Zone. As a result, the property will benefit directly from its proximity to an abundance of employment centers and economic demand drivers. 

Investment Highlights

Robust Value-Add Opportunity

Recent Capital Improvements of $630,000+

Located Directly in the Path of Growth and Opportunity Zone

Surrounded by an Abundance of Major Employment Areas

Contact Information

Ron Corrao Director P: 757.749.6994
O: 800.746.3175 ext. 712
ron@capstone-companies.com
Thomas Colaiezzi Investment Sales Advisor P: 901.603.8590
O: 800.746.3175 ext. 714
tcolaiezzi@capstone-companies.com
Jourdan Sullivan, MAI Investment Sales Advisor P: 903.450.3898
O: 800.746.3175 ext.749
jsullivan@capstone-companies.com
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