Investment Overview

Pine Ridge Apartments is a 49-unit, garden-style multifamily community located in the scenic Blue Ridge Mountains of Sparta, North Carolina. Built in 1968 and situated on 4.11 Acres +/- across six buildings, the property offers a diverse unit mix of studios, 1-bed, 2-bed, and 3-bed layouts—appealing to a broad tenant base in this affordable and growing market. New ownership has the opportunity to build on a proven value-add strategy by continuing interior renovations and pushing rents to market levels. Currently, 16 of the 49 units have been thoughtfully renovated, demonstrating clear rental upside. Additionally, the property has undergone significant capital improvements, including new roofs and windows. Located just blocks from Sparta’s historic downtown, parks, and local amenities, Pine Ridge Apartments is ideally positioned to attract quality tenants seeking walkability, charm, and convenience in a peaceful mountain setting. As the town continues to grow its tourism, healthcare, and manufacturing base, new ownership stands to benefit from long-term appreciation, rising demand for updated housing, and strong rent fundamentals in a supply-constrained market.