Capstone Apartment Partners is pleased to present the Yorkhills Portfolio, comprised of Wallace Terrace Apartments (32 units), Timberstone Apartments (69 units), and Kensington Townhomes (48 units). These three assets are located in amenity-rich areas of Charlotte, NC and Rock Hill, SC. The Yorkhills Portfolio is an exceptional opportunity to acquire well-maintained assets that will benefit from minor operational improvements and structured interior renovation programs implemented by new ownership. New management will be able to organically drive rent increases and tenant demand by aligning rents with market competitors and renovating interiors to drive rent growth.
The Yorkhills Portfolio is currently $70-$275 below market rents across all unit types at each property. An interior upgrade initiative will aid the portfolio in aligning rents with market averages. Interior upgrades coupled with a professional, third-party property management company will boost the Yorkhills Portfolio’s NOI from day one, providing new ownership with exceptional returns.