Benton & English Apartments

Benton & English Apartments

Monroe, NC
Available
  • Property Type: Apartments
  • Year Built : 1996/1968
  • Property Size: 20,840 SF / 24 Units

Overview

Capstone Apartment Partners is pleased to present Benton & English Apartments: a 24 unit, two property value-add portfolio located in Monroe, North Carolina. Benton (1996 YOC) and English (1968 YOC) Apartments benefit from a long-term owner who has focused on targeted CapEx and minimal rent increases over the years, positioning the property for robust returns through an interior value-add. The properties are made up of 6 duplexes (Benton) and 12 townhome-style units (English), making it a highly sought after rental option for local residents. The Monroe market features multiple recently renovated units at nearby properties that have achieved significant premiums over the subject property, paving the way for new ownership to bridge the rental gap and substantially increase the properties NOI. Additionally, Monroe offers residents a plethora of healthcare and manufacturing jobs all within close proximity of Benton and English Apartments, making the property a highly desirable rental option amongst Monroe residents.

Investment Highlights

Long-Term Owner with Local Management In-Place

$100-$150 Rent Premiums with Minimal Capital Outlay Needed

Located Squarely Amongst Strongest Healthcare Corridor in the Market

Contact Information

Thomas Colaiezzi Investment Sales Advisor P: 901.603.8590
O: 800.746.3175 ext. 714
tcolaiezzi@capstone-companies.com
Ron Corrao Director P: 757.749.6994
O: 800.746.3175 ext. 712
ron@capstone-companies.com
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