Download Offering Materials: The Overlook at Stonemill
Capstone Apartment Partners is pleased to present The Overlook at Stonemill: a 216-unit, 2001 vintage apartment community in Lynchburg, Virginia. The Overlook at Stonemill is surrounded by some of the region’s most prolific employers, including Liberty University and Centra Health. Additionally, the asset is conveniently located adjacent to the Lynchburg Expressway, affording residents easy access to multiple demand drivers around Lynchburg and neighboring cities. The Overlook at Stonemill represents an exciting opportunity to purchase a newer vintage high-quality asset with minimal deferred maintenance, allowing new ownership to focus on pushing rents and driving NOI growth through a market-proven value-add initiative and other NOI Growth initiatives.
Investment Highlights:
Ideal Value-Add Opportunity
Rents Below Market
Opportunity to RIGHT SIZE OPERATIONAL Expenses
Proximity to Liberty University and Other Major Employers
Additional Land Available for Development
