New Offering: 51-Unit Distressed Asset in Tuskegee, AL | Attractive Basis | 9% Cap Rate

Download Offering Materials: Kings Manor

Capstone Apartment Partners is pleased to present Kings Manor Apartments, a 51-unit apartment complex located in Tuskegee, Alabama. Kings Manor is conveniently located near Tuskegee University, which offers employment opportunities as well as a place to live for students looking for off-campus housing. Positioned along State Route 80, Kings Manor is located between Montgomery and Auburn, allowing for easy access to numerous amenities and employment opportunities in each city. Current ownership has renovated 6 of the 51 units providing new owners with the opportunity to continue this value-add program and achieve rent premiums of up to $100. Additionally, Kings Manor presents investors the opportunity to buy at a very low basis and implement sophisticated third party management to lease up a currently vacant property.

Investment Highlights:
Value-Add Opportunity
Tuskegee University
Proximity to Montgomery and Auburn Amenities

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