Condo Grade Mill Conversion Offering in Charlotte, NC with 10%+ Cash-on-Cash Yields

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Capstone Apartment Partners is pleased to present Hoskins Mill, a renovated and restored historic mill that was brought back to life with unrivaled attention to detail in excellent proximity to Uptown Charlotte. Hoskins Mill represents an exceedingly rare opportunity to acquire a unique asset of excellent quality, ideally positioned to attract the young professional tenant demographic seeking an excellent Charlotte location without the burdens of the high PSF prices of the downtown area.

Investment Highlights

Unrivaled Value in an Irreplaceable "One of a Kind" Asset Unique to the Charlotte MSA
Transferable 50% Ongoing Property Tax Abatement Resulting in $16,975 in Projected Annual Savings
Excellent Opportunities for Operational Value-Add and Acquisition of Additional Units
High-Quality Resident Profile with Majority of Tenants Earning $60K+
Prime Candidate for Future Condo Conversion Exit Strategy
Ideal Asset Location: Short Drive to Uptown Charlotte, Close to I-85, and Local Employment Nodes
Opportunity to Acquire with Attractive Fresh Debt Financing

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