New Offering: 42-Unit Proven Value-Add Asset Located in Desirable Chattanooga Submarket

Download Offering Materials: The Garden Apartments

Capstone Apartment Partners is pleased to present The Garden Apartments, a 42-unit apartment community in Chattanooga, Tennessee. The Garden Apartments benefits from its location along Dayton Boulevard, providing residents immediate access to multiple retail amenities in the Red Bank area as well as the largest employers in the Chattanooga MSA, such as Erlanger Health, CHI Memorial Hospital, BlueCross BlueShield of Tennessee, Volkswagen, and the renowned Innovation District. The property is poised for new ownership to capitalize on the proven value-add program, which is achieving in-place rent premiums of $250+. Over the past year, ownership has invested over $600,000 in targeted capital expenditures throughout the property. With minimal deferred maintenance remaining, the next owner can solely focus on upgrades that will impact the bottom line.

Investment Highlights
Complete the Proven Value Add Program
Chattanooga Investment Fundamentals
Diverse Chattanooga Economy

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