The Residences at Helena Street

Capstone is pleased to present The Residences at Helena Street: a 46-unit, private-entry apartment community located in the booming West Charlotte submarket of Charlotte, North Carolina. The Residences at Helena St. presents investors with an exceedingly rare opportunity to acquire, complete, and expand on the in-place value-add program currently recognizing substantial premiums over classic units. With $1,280,000+ in CapEx recently invested, new owners can immediately focus on driving NOI growth through a market-proven, systematic interior and exterior value-add program and enhancing operational efficiencies. Additionally, The Residences at Helena St. 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:

Exceedingly Rare and Unique Asset Type Achieving High Market Rents in the Submarket

Substantial Recent Capex Create Optimal Value-Add Scenario

Located in an Opportunity Zone

Premier Location in Booming West Charlotte Submarket Surrounded by Retail New-Construction and Recently Renovated Homes

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