New Offering: Value-Add Opportunity in Charlotte’s Booming West Side

Download Offering Materials: The Ridge at Enderly Park

Capstone Apartment Partners is pleased to present The Ridge at Enderly Park: a 44-unit, garden style apartment complex located in the flourishing Freedom Drive corridor of Charlotte, NC. Built in 1964, this asset represents the ideal value-add investment opportunity. Continuation of the current value-add program will allow new ownership the ability to capitalize on a solid foundation and immediately increase NOI through the completion of the program. Additionally, The Ridge at Enderly Park has received over $630,000 in capital expenditures since 2016, which helps lay the foundation to implement NOI driving operational efficiencies. The Ridge at Enderly Park is ideally situated in the path of growth and resides within an Opportunity Zone. As a result, the property will benefit directly from its proximity to an abundance of employment centers and economic demand drivers.

Existing Value Propositions:
Robust Value-Add Opportunity
Recent Capital Improvements of $630,000+
Located Directly in the Path of Growth and Opportunity Zone
Surrounded by an Abundance of Major Employment Areas

Leave a Reply

Your email address will not be published. Required fields are marked *