Ambassador Court

Ambassador Court

High Point, NC
Available
  • Property Type: Apartments
  • Year Built : 1984
  • Property Size: 170,800 SF / 192 Units

Overview

Capstone Apartments Partners is pleased to present Ambassador Court: a 192-unit, garden-style apartment complex located in High Point, North Carolina. Built in 1984, this asset represents the ideal value-add investment opportunity. The current value-add program and market proven demand for upgraded interiors will allow new ownership the ability to capitalize on a solid foundation and immediately increase NOI through the completion of the program.

Conveniently situated along Eastchester Drive and next to I-74, Ambassador Court offers an exceptionally well-maintained asset, as current ownership has invested $1M+ since 2018, including a full-scale clubhouse remodel. Ambassador Court poses an incredible value-add opportunity, coupled with strong submarket fundamentals and ease of accessibility to retail and the greater Triad to further enhance and capitalize on the property’s positive operational momentum.

Investment Highlights

  • Well-Maintained Asset with Limited Deferred Maintenance
  • Proven In-Place Value-Add Program and Below Market Rents
  • Water/Sewer Bill-Back Potential and Market Rate Upside
  • Highly Accessible with Proximity to Class-A Retail and Employment Opportunities

Contact Information

Alex McDermott Partner P: 704.533.4865
O: 800.746.3175 ext. 700
alex@capstone-companies.com
Caleb Troop Director P: 314.607.3481
O: 800.746.3175 ext. 725
caleb@capstone-companies.com
Rhodes Marley Investment Sales Advisor P: 704.840.5927
O: 800.746.3175 ext. 736
rhodes@capstone-companies.com
Austin Green Director P: 704.962.7454
O: 800.746.3175 ext. 701
austin@capstone-companies.com
capstoneapts-logo