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Description
Capstone is pleased to present West Oak Apartments, a 1986 vintage, 34-unit apartment community in Wake Forest, North Carolina. West Oak is conveniently located roughly 20-minutes north of Raleigh in the burgeoning Wake Forest suburb, offering residents a quieter, more affordable cost of living, while still enjoying all that Raleigh has to offer. The property is comprised of all 2 BR / 2 BA private entry units, has been exceptionally well-maintained by current ownership with roughly $1.25M invested in CapEx, and offers new investors a proven value-add opportunity to complete. West Oak currently features 30 units with a luxury interior renovation package with proven premiums up to $175 over classic units, paving the way for the next owner to finish the renovation program, push rents even further based on local competitors, and achieve significant NOI increases. With a prime location surrounded by class-A retail, a short commute to the heart of Raleigh, and a proven value-add program to build upon, West Oak Apartments offers investors a premier investment opportunity in one of the fastest growing markets in the Carolina’s.
Investment Highlights:
Significant Recent CapEx Investments
Completing the Proven Value-Add Program
Convenient Access to the Heart of Wake Forest and Raleigh
Proximity to Class-A Retail
Address
Open on Google Maps- Address 366-370 W Oak Ave
- City Wake Forest
- State/county North Carolina
- Zip/Postal Code 25787
Contact Information
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