New Offering: 96-Unit Value-Add Asset with Immediate Upside | Cleveland, OH

Download Offering Materials: Nottingham Place

Capstone Apartment Partners is pleased to present the opportunity to acquire Nottingham Place, a 96-unit garden-style apartment complex located in the South Collinwood submarket of Cleveland, OH. The asset is located within a Qualified Opportunity Zone, which has seen generous investment in recent years, allowing new ownership to benefit from ascending economic trends. New ownership will have multiple avenues to increase EGI immediately upon acquisition, including significant loss-to-lease recapture and the ability to trade out Section-8 leases to full market rate. The asset offers investors the unique opportunity to acquire free & clear or with an assumption of the current loan. As the price of debt continues to rise, this may be a preferable option.

Investment Highlights
Asset Located Within a Qualified Opportunity Zone
Firmly in the Path of Progress
Nearby One-Bedroom Units Renting for $150+ Premiums
Multiple Sources to Increase EGI
Ability to Assume Current Loan

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