The Cove at Matthews

The Cove at Matthews

Matthews, NC
Under Contract
  • Property Type: Apartments
  • Year Built : 1988
  • Property Size: 223,200 SF / 288 Units

Overview

Capstone Apartment Partners is pleased to present The Cove at Matthews: a 288-unit garden-style apartment community in Matthews, North Carolina. Constructed in 1988, The Cove at Matthews presents investors with a large-scale value-add opportunity with rental upside proven by similar submarket competitors. The property is conveniently located in the heart of Matthews, offering residents access to multiple economic demand drivers, retail, and job opportunities throughout the Matthews submarket and the Charlotte MSA. Additionally, the Matthews submarket has impressive demographics and multi-family fundamentals, positioning the property for growth for years to come. With the opportunity for significant premiums through the implementation of the value-add program, positive multi-family fundamentals, and an excellent location, The Cove at Matthews is one of the premier investment opportunities in the Charlotte MSA.

Investment Highlights

Below Market Rents for 80s Vintage Asset in Mathews 
Value-Add Opportunity Upside 
Highly Visible Location Along Major Roadway 
Market Leading Education System and Favorable Demographics

Contact Information

Caleb Troop Director P: 314.607.3481
O: 800.746.3175 ext. 725
caleb@capstone-companies.com
Alex McDermott Partner P: 704.533.4865
O: 800.746.3175 ext. 700
alex@capstone-companies.com
Austin Green Director P: 704.962.7454
O: 800.746.3175 ext. 701
austin@capstone-companies.com
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