Summerfield Apartments

Capstone is pleased to present Summerfield Apartments, a 52-unit garden-style apartment community located in the flourishing Ayrsley submarket of Charlotte, North Carolina. Built in 1991, Summerfield Apartments has been exceptionally well-maintained and is poised for the completion of the in-place value-add program. With over 85% of units fully renovated, new ownership can focus on improving operational efficiencies and pushing rents up to market level. Conveniently situated off Interstate 485, residents have immediate access to numerous demand drivers in the submarket, including thousands of jobs and multiple Class A retail centers. Well-positioned in terms of location and quality, Summerfield Apartments presents investors with an excellent asset poised for substantial rent and EGI growth for years to come.

Investment Highlights:

Newly Renovated and Primed for Rent Growth

Expansive Amenity Set

Opportunity to Recapture Water and Sewer Expense

Surrounded by an Abundance of Amenities in Flourishing South Charlotte Submarket