The Hideaway at Kingspark

Capstone is pleased to present The Hideaway at Kingspark, a 110-unit, 1968-vintage apartment community located in the booming West Charlotte submarket of Charlotte, North Carolina. The Hideaway at Kingspark presents investors with an exceedingly rare opportunity to complete and expand on the in-place value-add program currently recognizing substantial premiums over classic units. With nearly $900,000 CapEx recently invested, new owners can immediately focus on driving NOI growth through a market-proven, systematic interior value-add program and enhancing operational efficiencies. Additionally, The Hideaway at Kingspark is ideally located within an Opportunity Zone, offering substantial tax benefits. As a result, the property will benefit directly from sustained development already being seen in the West Charlotte corridor, in addition to its ideal location convenient to all of Charlotte’s most significant economic demand drivers and employment nodes.

Investment Highlights:

Attractive In-Place Financing with the Opportunity for
Additional Supplemental Debt

Minimal Deferred Maintenance and Substantial Recent CapEx Create Optimal Value-Add Scenario

Located in an Opportunity Zone

Premier Location in Booming West Charlotte Submarket