Download Offering Materials: Clear Point Gardens
Capstone Apartment Partners is pleased to present Clear Point Gardens, a unique opportunity to acquire a 604-unit multi-family community in the thriving Northland submarket of Columbus, OH. The property is comprised of 33 two and three-story buildings with a mix of flats and townhomes, in a dynamic setting covering roughly 25 acres and surrounded by a multitude of retail and dining options. Clear Point Gardens has been extremely well maintained with current and prior ownership contributing $5,500,000+ in capital improvements over the past seven years addressing deferred maintenance, as well as interior and exterior improvements. Current management has continued a repositioning of the asset which includes interior renovations of over 15% of the units proving demand for higher quality finishes and capacity for much higher rent levels. Furthermore, Clear Point Gardens is exceptionally well-positioned within the extremely resilient Columbus multi-family market, making this an exciting opportunity for incoming investors to break into the market or grow their current footprint with this sizeable value-add asset.
Investment Highlights
$5,500,000+ in Capital Expenditures Over the Past 7 Years
Proven Value-Add Submarket Case Study
Fresh Debt
Excellent Proximity to Neighborhood Amenities
Resilient Columbus Market Fundamentals
