Capstone Offering: Jacksonville, FL Property with 8.90%+ Year 1 Cap Rate

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Capstone Apartment Partners is currently offering property tours for Windy Pines Apartments, an ideally positioned 40-unit investment opportunity located in Jacksonville, FL. The garden-style community was built in 1990, and has a desirable unit mix consisting of one, two, and three bedroom units.

Investment Highlights

Desirable Unit Mix and Convenient Location
Continuation of Value Driving Property Enhancement Program
Opportunity to Implement Utility Reimbursement Program

Investment Summary

Address:  6650 103rd Street
City/State:  Jacksonville, FL
Property Type:  Garden-Style
Acreage:  7.35
Number of Units:  40
Year of Construction:  1990
Occupancy:  95.0%
Rentable Square Feet:  34,000
Average Unit Size (Sq. Ft.):  860
Average Rent per Unit:  $705
Average Rent per Square Foot:  $0.82
Sales Terms:  Free and Clear
Cap Rate:  8.90%
Offering Price:  $1,735,000