Capstone Apartment Partners is pleased to present Benton & English Apartments: a 24 unit, two property value-add portfolio located in Monroe, North Carolina. Benton (1996 YOC) and English (1968 YOC) Apartments benefit from a long-term owner who has focused on targeted CapEx and minimal rent increases over the years, positioning the property for robust returns through an interior value-add. The properties are made up of 6 duplexes (Benton) and 12 townhome-style units (English), making it a highly sought after rental option for local residents. The Monroe market features multiple recently renovated units at nearby properties that have achieved significant premiums over the subject property, paving the way for new ownership to bridge the rental gap and substantially increase the properties NOI. Additionally, Monroe offers residents a plethora of healthcare and manufacturing jobs all within close proximity of Benton and English Apartments, making the property a highly desirable rental option amongst Monroe residents.
Long-Term Owner with Local Management
$100-$150 Rent Premiums with Minimal
Capital Outlay Needed
Located Squarely Amongst Strongest
Healthcare Corridor in the Market