The Fields Archdale Station

Posted: 8/17/2017
SOLD
243 Units
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station
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The Fields Archdale Station

About

About The Fields Archdale Station

Offers due:  Thursday, March 1, 2018

The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Fields Archdale Station, a 243-unit, 1969-built apartment community in Charlotte, NC. The property is conveniently located in a sought after South Charlotte neighborhood that is situated along the light-rail, offering tenant’s unparalleled connectivity. The Fields Archdale Station is a recent recipient of a $1.2 Million CapEx infusion that includes extensive exterior work and amenity renovations, allowing incoming investors to focus on the existing interior upgrade initiative. Current ownership has upgraded twenty-eight units for which they are achieving monthly rental premiums of up to $114. This coupled with the organic rent growth the submarket is currently experiencing gives incoming investors the unique opportunity to boost annual NOI by more than 25%