Download Offering Materials: The Falls at Mill Creek
Capstone Apartment Partners is pleased to present The Falls at Mill Creek, an exceptionally well-maintained asset located in Nashville, Tennessee. Situated in one of the hottest Nashville submarkets, the property will benefit from immediate proximity to Downtown and Wedgewood-Houston, convenient interstate access, and adjacency to Nashville International Airport. The Falls at Mill Creek underwent a comprehensive reposition in 2015/2016 featuring upgrades such as brand-new roofs, all new siding and HVAC systems, and a complete interior renovation. Although The Falls at Mill Creek features upgraded interiors, current market rents fall more than $300 below market average in the immediate area, presenting an opportunity for instant organic rent growth. The next owner is poised to benefit from the rapid growth and expansion of the Southeast submarket, which saw rents increase 20% year over year, leading the Nashville MSA.
Investment Highlights:
Well-Maintained Asset With No Deferred Maintenance
Submarket Competition Supports Ability to Drive Rents
Unprecedented Multi-Family Growth
Downtown & Entertainment Proximity
Connectivity to All Employment Nodes & BNA
