Download Offering Materials: Crossland Manor
Capstone is pleased to present Crossland Manor, a 48-unit garden-style multi-family asset located in Clarksville, TN. Crossland Manor operates in conformance as a Low-Income Housing Tax Credit (LIHTC) project, limiting all units to 50% or 60% AMI, depending on the unit type. Participation in this affordable program ensures investors are acquiring a high-quality asset that meets the strenuous criteria required in order to be eligible for tax credits. Although rent restrictions are in place, Crossland Manor currently trails the Max Allowable Rents set for Montgomery County. This presents potential investors with the opportunity to immediately increase rental income upon ownership. Having a favorable location with access to major demand drivers, coupled with positive market fundamentals, Crossland Manor presents a premier investment opportunity.
Immediate Rent Growth Achievable as Affordable Rents Trail Max Allowable
Well-Maintained Asset Owned by Original Developer
Favorable Market Fundamentals in Booming Submarket
Proximity to Demand Drivers and Major Highways