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About
About The Kelston
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Kelston, a 310-unit apartment community located in Charlotte, NC. The asset is conveniently situated within a short 10–20-minute drive to Charlotte’s most prominent employers and amenities. The property benefits from its unparalleled access to the proposed LYNX Silver Line light rail and the Eastland Mall redevelopment site which is expected to deliver through Fall 2024 to end of 2025. Built in 1986, The Kelston represents an outstanding opportunity to invest in the rapidly expanding East Charlotte submarket with a highly desirable demographic pool of sizable average household incomes ($60K), young renter base (33 avg age), and continuous market rent growth. Upon completion of the value-add program, new ownership has the opportunity to renovate units to a Class A level and further bridge the gap between the property and top comparable product ($300+ rental headroom).
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