Capstone Apartment Partners is pleased to present Westside Manor Townhomes, a 64-unit, 1970s vintage townhome community in Salisbury, North Carolina. Westside Manor presents investors with a virtually untouched value-add opportunity that has rental upside supported by local competitors. The property is conveniently located off Statesville Blvd (US-70), which gives residents immediate access to all the major employers and Class A retail around Salisbury and the Charlotte MSA. Companies such as Sherwin Williams, Jet East, Jeld Wen, Doosan Bobcat, Macy’s and more, have recently made major job announcements in the area, thereby making the Salisbury submarket of the Charlotte MSA, and Westside Manor, even more desirable. The value-add opportunity that this community presents, paired with its minimal deferred maintenance and excellent location, presents new ownership a premier investment opportunity.

Investment Highlights:

Well Positioned Asset Poised for Value-Add Program

Opportunity to Recapture Water & Sewer Expense

Proximity to Thousands of Jobs

Highly Accessible Location Proximate to Class A Retail