Capstone recently brokered the sale of Twin City Townhomes in Winston-Salem, NC. The 204-unit property was constructed in 1970 and was 77% occupied at the time of sale. The buyer was attracted to Twin City due to the immediate upside in rents, which had been below market in order to increase occupancy. Additionally, the seller had done much of the major capital expenditure work; therefore, leaving the buyer to focus capital on some remaining exterior cap ex, minor interior renovations, and sub-metering to enhance NOI and asset value. Contact the Twin City brokerage team to learn more:
office: 800.746.3175 ext. 702
office: 800.746.3175 ext. 703
office: 800.746.3175 ext. 701
office: 800.746.3175 ext. 700
Capstone Apartment Partners is pleased to present East Main Quarters, a 252-bed, 63-unit, campus-adjacent, ultra-suite style student housing asset located in Murfreesboro, Tennessee, servicing Tennessee’s second largest university: Middle Tennessee State University.
Capstone Land Sales is pleased to present the North End Charlotte Development Site: a ±11.54-acre, surface parked, fully-entitled, and ideally-zoned UR-2 (CD) land site less than 1 mile from Uptown Charlotte’s Central Business District. This development site provides a unique opportunity for future two to four-story development of 295 multi-family units, 14 townhome units, and 4 single-family residential dwelling units.
Capstone Manufactured Housing is pleased to present two mobile home parks in Daytona Beach, FL. This portfolio presents the opportunity for investors to enter one of Florida’s most attractive rental markets with assets possessing significant upside potential.