Click Here to View Offering Materials: Cobalt Drive Apartments
Capstone Apartment Partners is pleased to present the Cobalt Drive Apartments, a coveted value-add opportunity located off a rapidly growing retail corridor—Wilma Rudolph Boulevard—in Clarksville, Tennessee. The 104-unit listing offers prospective owners the opportunity to immediately implement a market supported value-add program, which would yield rent premiums of over $200. Even with this increase, rents are still within the middle of the market. Additionally, Cobalt Drive Apartments would immediately benefit from having a sophisticated third-party manager to implement further income streams, align rents with the market through dynamic pricing software, and generate foot traffic through aggressive marketing.
Existing Value Propositions:
Multiple Market Supported Value-Add Initiatives
Minimal Deferred Maintenance
Exceptional Proximity to Retail & Amenities
