Silverstone Apartments

Silverstone Apartments

Charlotte, NC
Under Contract
  • Property Type: Apartments
  • Year Built : 1974
  • Property Size: 88,728 SF / 93 Units

Overview

Capstone Apartment Partners is pleased to present Silverstone Apartments: a 1974 vintage, 93-unit, garden-style apartment community located in Charlotte, North Carolina. Silverstone represents a prime opportunity to acquire a high-quality, well-maintained asset, with potential to significantly boost NOI through completion of an enhanced value-add initiative capable of achieving rental premiums up to $370. Located directly off Interstate 85 (161,550 VPD) and W Sugar Creek Road (34,868 VPD), the property is surrounded by an abundance of retail and amenities and is within a 10-minute drive to multiple business parks, most notably the Whitehall Corporate Center. With an excellent location, favorable renter demographics in the submarket, and an untouched value-add opportunity, Silverstone presents investors with an excellent asset poised for long term rent growth.

Investment Highlights

Significant Value-Add Opportunity

Organic Rent Growth Achievable as Market Rents Are Below Direct Competitors

Favorable Demographics in Booming Submarket

Nearby New Development and Subsequent Employment Growth

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 Investment Sales Advisor P: 903.450.3898
O: 800.746.3175 ext.749
jsullivan@capstone-companies.com
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