Capstone Apartment Partners is pleased to present West Oak Apartments, a 1986-vintage, 34-unit apartment community in Wake Forest, North Carolina. West Oak is conveniently located roughly 20 minutes north of Raleigh in the burgeoning Wake Forest suburb, offering residents a quieter, more affordable cost of living, while still enjoying all that Raleigh has to offer. The property is comprised of all 2 BR/2 BA private entry units, has been exceptionally well-maintained by current ownership, and offers new investors a proven value-add opportunity to complete. Current ownership recently completed a luxury renovation on one unit at the property and achieved a $270 premium over classic units, paving the way for the next owner to finish the renovation program, push rents even further based on local competitors, and achieve significant NOI increases. With a prime location surrounded by Class A retail, a short commute to the heart of Raleigh, and a proven value-add program to build upon, West Oak Apartments offers investors a premier value-add investment opportunity in one of the Southeast’s hottest rental markets.
Well Positioned Asset Poised for a Value-Add Program
Completing the Proven Value-Add Program
Convenient Access to the Heart of Wake Forest and Raleigh
Proximity to Class A Retail