Download Offering Materials: Views at West Town
Capstone Apartment Partners is pleased to present Views at West Town: a 194-unit apartment community in Knoxville, Tennessee. Views at West Town is conveniently located in the burgeoning West Knoxville submarket directly off I-40 and minutes from the premier retail and office hubs of Knoxville. The West Knoxville submarket has seen impressive 14%+ year-over-year rent growth while vacancy rates have compressed to historical lows. Current ownership has renovated 39% of units with a substantial interior scope of work but, given the remaining delta in rents and scope of market competitors, the 1981-built asset is poised for an “above-and-beyond” renovation program that will translate to nearly $381,000 of additional annual income. With the strong market fundamentals and demographics, coupled with immediate accessibility to retail and entertainment, new ownership is provided the opportunity to immediately focus on generating this additional value with a tenant demand capable of paying for and desiring these post-renovated units.
Proven Value-Add Program with Significant Upside Remaining
Proximate to West Knoxville’s Premier Retail & Employment Hubs
Situated in Knoxville’s Strongest Submarket for Multi-Family