Capstone Apartment Partners is pleased to present West Oak
Apartments, a 1986-vintage, 34-unit apartment community in Wake Forest, North
Carolina. West Oak is conveniently located roughly 20 minutes north of Raleigh
in the burgeoning Wake Forest suburb, offering residents a quieter, more
affordable cost of living, while still enjoying all that Raleigh has to offer.
The property is comprised of all 2 BR/2 BA private entry units, has been
exceptionally well-maintained by current ownership, and offers new investors a
proven value-add opportunity to complete. Current ownership recently completed
a luxury renovation on one unit at the property and achieved a $270 premium
over classic units, paving the way for the next owner to finish the renovation
program, push rents even further based on local competitors, and achieve
significant NOI increases. With a prime location surrounded by Class A retail,
a short commute to the heart of Raleigh, and a proven value-add program to
build upon, West Oak Apartments offers investors a premier value-add investment
opportunity in one of the Southeast’s hottest rental markets.
Well Positioned Asset Poised for a Value-Add Program
Completing the Proven Value-Add Program
Convenient Access to the Heart of Wake Forest and Raleigh
Proximity to Class A Retail