About The Hamptons
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 180-unit The Hamptons apartment community (the "Property") located in Charlotte, North Carolina. Built in 1996, The Hamptons represents the ideal value-add investment vehicle. The current value-add program is realizing average rental premiums of $170, and a new owner will be poised to capture a 16% increase in NOI through the completion of the program. The Property is situated in an optimal location along prominent thoroughfare, W.T. Harris Blvd, which provides access to the region’s premier retailers and largest employment nodes - totaling 114,000 jobs within 5 miles. The tailwinds of rising home values and increased employment in North Charlotte have resulted in ideal submarket growth fundamentals. Projections show the submarket realizing 3.3% year-over-year rent growth through 2023, resulting in an average rent increase of $148.