Walker's Ridge

Posted: 11/4/2019
144 Units
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Walker's Ridge
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Walker's Ridge
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Walker's Ridge

About

About Walker's Ridge

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit, Walker’s Ridge apartment community located in Gastonia, North Carolina. Built in 1990, the property has experienced a surge in organic rent growth due to a recent +$300,000 capital infusion including a newly renovated clubhouse and high-tech gate entrance. Gaston County has emerged as a location of choice for foreign investments in advanced manufacturing, serving as the key driver for some of the strongest rent gains in the metro. The growing demand of Gastonia paired with muted supply in 2018 poises the property for consistent returns and an opportunity to boost annual NOI by 17.6% through multiple revenue streams including water/sewer submetering and completion of the in-place value add program (23% renovated).