Download Offering Materials: Almonte Apartments
Capstone Apartments Partners is pleased to present the Almonte Apartments: a 288-unit, garden-style apartment community located in Oklahoma City, OK. Almonte Apartments offers an extremely well-maintained asset that benefits from significant recent capital expenditures, and an affordable land use agreement put in place by the RTC in 1992 with a term of 40 years. Current long-term ownership has made a consistent effort to minimize deferred maintenance, thereby resulting in current occupancy above 90%. With current ownership having completed most of the heavy lifting, the property is primed for a light value-add program to further NOI growth. The property is also strategically located within Oklahoma City, which has an abundance of employment opportunities and unmatched connectivity to various interstate highways like I-44, I-240, and I-35. Almonte is well positioned for the future with multiple developments underway in the immediate submarket and more having been recently announced.
Income Growth Opportunity
Well Maintained Asset with Minimal Deferred Maintenance
Long-Term Ownership for 17 Years
Strategic Location Near Employment and Development