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.
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