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Winston-Salem Apartment Complex with Significant Income Upside

Investment Highlights: 

  • Well-Positioned Asset Poised for Value-Add Program
  • $360k+ of Capital Projects Completed Since 2017
  • Organic Rent Growth through Proactive Management
  • Close Proximity to Premier Retail including Hanes Mall
  • Located Near Strong Employment Corridor and Two 900+ Bed Hospitals
  • Insulated Completive Environment Leads to Rent Growth

 

Capstone Apartment Partners and RealINSIGHT Marketplace are pleased to present Heather South: a 67-unit garden-style apartment community located in close proximity to an abundance of local area employers and Class A retail in Winston-Salem, NC. Built in the 1983, the property has been exceptionally well-maintained and demonstrates favorable operational momentum in the trailing months. Drafting off this positive trend, the asset offers new ownership significant income upside from minor operational improvements and a market proven unit interior renovation program. Through these operational improvements and driving tenant demand, new ownership is poised to bridge the considerable gap between market competitors.

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Benefits include:

· Lender access to property to conduct Lender Inspections & Third Party Reports

· Capital markets knowledge spanning a variety of real estate asset classes and loan programs

· Development of creative financing strategies

· Long established relationships with agencies, CMBS shops, bridge lenders, investment banks, domestic banks, and insurance companies

· Provide clients with the most competitive terms and most reliable executions. You’ll have a team of analysts to assist with filling out due diligence paperwork.

· Call the Debt Placement Broker as soon as possible to learn about other benefits

How do you receive these benefits?

1. Contact the Debt Placement Broker (now)

  1. Complete Finance Pre-Screening (before auction)

3. Complete Debt Placement Agreement (before auction)

4. Complete Bid Registration Process (before auction)

5. Win Auction

6. Fulfill lender checklist

7. Close Loan

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Heather South Apartments

2056 Swaim Rd, Winston-Salem, NC 27106

Expired

Asset Snapshot

  • Asset Type
  • Real Estate
  • Land Area
  • 7.23 Acres
  • Number of Floors
  • 2
  • Number of Buildings
  • 8
  • Occupancy
  • 89.71%
  • Occupancy as of
  • Feb 13, 2019
  • Multifamily Type
  • Garden
  • Number of Units
  • 67 Units
  • Property Size
  • 73,700 Sq Ft
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      License: #7100