Alderstone Court
- Location
- 200 Alderstone Drive, High Point, NC 27262
- Purchased
- February 2024
- Price
- $850,000
- Sold
- June 2025
- Price
- $1,475,000
- Number of Units
- 17
From Class C
To Class B
Alderstone Court is a 17-unit garden-style condominium community in centrally located High Point, North Carolina, with convenient proximity to both the mountains and the coast. In February 2024, Northline Capital acquired the Class C property for $850,000.
In just over a year, Northline Capital upgraded the property through capital improvements to the exterior, common areas, and interiors. The full community enhancement resulted in a 103% average rent increase and a successful 2025 sale.
“We believe one of the keys to our success is doing fewer than five deals a year. It allows us to be meticulous about finding properties with equity at closing.”
Maya Caldwell,
Founder
