Stone Gables Apartment Homes

Stone Gables Apartment Homes

Raeford, NC
Available
  • Property Type: Apartments
  • Year Built : 2013
  • Property Size: 206,256 SF / 192 Units

Overview

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Capstone Apartment Partners is pleased to present Stone Gables: a 192-unit 2013 vintage apartment community in Raeford, North Carolina. With limited to no deferred maintenance, Stone Gables is ideally positioned to implement a luxury value-add program and achieve significant market-supported premiums. The asset is surrounded by some of the region's most prolific employers, such as Fort Bragg, and is proximate to multiple Class-A retail and amenity options for residents to enjoy. Additionally, the Property is situated in one of the top submarkets in the state of North Carolina for multi-family fundamentals and demographics, with a robust 12%+ rent growth year over year. Stone Gables presents investors with a premier investment opportunity with an excellent location, positive multi-family fundamentals, and a significant value-add opportunity.

Investment Highlights

  • Multiple Value-Add Strategies and Opportunity to Submeter
  • Highly Visible on Amenity-Rich U.S. 401 (Lowe’s, Walmart, etc.)
  • Located Within Medical Corridor –Hoke Hospital, FirstHealth Moore Regional Hospital, and VA Healthcare Center
  • Strong Market Fundamentals With Minimal New Supply Competition

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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