New Offering: Low-Basis Attainable Housing Opportunity | Charlotte, NC | 110 Units

Download Offering Materials: 1Thirty1 Motel Conversion

Capstone is pleased to present the 1Thirty1 Motel Conversion, a motel-to-apartment redevelopment opportunity located in Charlotte, NC. The property currently operates as a 110-unit Motel 6. The motel-to-apartment conversion space gives a rare opportunity for developers to reposition the existing asset into a rental apartment community. This allows buyers to provide attainable housing, without incurring the expenses of ground-up construction. Potential renters will benefit from incredible accessibility to the employment and retail nodes off Interstate 77. Convenient location and the strength of the surrounding multi-family fundamentals make 1Thirty1 an attractive investment opportunity.

Investment Highlights
Rare Motel-to-Apartment Redevelopment Opportunity
Unbeatable Accessibility to Employment and Retail Nodes
Strong Submarket Fundamentals

 

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