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Capstone is pleased to present Westpark Studios, a 144-key conversion opportunity to market-rate studio apartments strategically located within the vibrant heart of Charlotte’s urban core. With rising demand for economically priced housing, Westpark Studios represents an ideal opportunity to immediately capture a high yield on cost upon conversion. Current ownership has begun renovations, presenting investors with a lower renovation scope and as a result, increased yield on cost. Westpark Studios is conveniently located with immediate access to Interstate 77, offering seamless commutes to downtown Charlotte and nearby amenities and entertainment, along with favorable demographic trends throughout the 1-, 3- and 5-mile radius. With minimal redevelopment costs and favorable economic forecasts throughout the surrounding environment, Westpark Studios presents investors with an exceptional conversion opportunity.
Exceptional Conversion Opportunity to Multifamily Apartments
Renovation Scope Under Way
Unrivaled Market Demographics