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Capstone is pleased to present Fairview Village, a 120-unit, 1974-vintage apartment community in Lexington, North Carolina. Fairview Village presents investors with a unique opportunity to complete and expand on the in-place value-add program, which is achieving substantial premiums over classic units. Current ownership has kept Fairview Village very well-maintained and has invested significantly in targeted capital expenditures over the past few years. Favorable demographics in the Davidson County submarket have resulted in rent growth of over 8.0% and home values increasing over 13% within the last year. With multiple major job announcements recently announced in Lexington, these increases are expected to continue over the next few years. Additionally, Fairview Village benefits from outstanding regional connectivity offering residents direct access to an abundance of demand drivers within the area and beyond. Limited new construction coupled with increasing market fundamentals provides an outstanding opportunity for assets such as Fairview Village to increase rents markedly through value-add renovations; thus, achieving a substantially higher NOI.

Investment Highlights:

Attractive In-Place Financing

Well-Positioned Asset Poised for Completion of Proven Value-Add Program

Favorable Market Fundamentals & No New Supply

Highly Accessible Location Proximate to an Abundance of Demand Drivers

  • Address 812 Fairview Dr
  • City Charlotte
  • State/county North Carolina
  • Zip/Postal Code 27292

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