Capstone Apartment Partners is pleased to present Hamilton
Square Apartments, a 120-unit, 1986-vintage apartment community located in the
burgeoning East Charlotte submarket. Hamilton Square has been under the same
ownership for the last 14 years, benefiting from a long-term hold investment
strategy that focused on minimal rent increases and no substantial interior
renovations. Currently, all 120 units at the property are considered classic,
positioning the property as a robust value-add opportunity for new ownership to
achieve premiums up to $400, based on local competitors. Additionally, the East
Charlotte submarket has seen robust rent growth of 15.6% year-over-year, while
still offering a 40% rent discount to the neighboring submarket of Uptown,
making it one of the most attractive markets for renters. Hamilton Square, with
its excellent location in the booming East Charlotte submarket, coupled with
its untouched value-add opportunity, positions the property as an asset poised
for significant upside for years to come.
Poised for Value-Add Program with 100% Classic Units
14-Year Owner with Minimal Rent Increases
Proximate to Eastland Mall Redevelopment in East
Charlotte