Lake Ridge

Posted: 8/20/2019
93 Units
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Lake Ridge
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Lake Ridge
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Lake Ridge
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Lake Ridge
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Lake Ridge
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Lake Ridge
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Lake Ridge
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Lake Ridge

About

About Lake Ridge

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 93-unit Lake Ridge apartment community located in Apex, North Carolina. This affluent suburb outside of Raleigh boasts blue chip demographics that see a resident base of 80% white collar workers bringing home an average household income of over $130K. This unique asset with highly desirable townhome floorplans is walking distance to downtown Apex, and is one of only ten market-rate, garden style properties in Apex - and is the only asset built before 1997. Lake Ridge offers an outstanding value-add opportunity that would see rental premiums of $200, and ultimately see a 45% increase to NOI propped up by an affluent renter base that can support future rent increases.