Download Offering Materials: Cambridge Apartments
Capstone Apartment Partners is pleased to present Cambridge Apartments: an 80-unit, 1995-constructed multi-family asset in Cookeville, Tennessee. Located adjacent to Highway 111, the property offers immediate access with minimal commutes to primary employers and economic drivers of Putnam County. Current ownership has completed exterior renovations and partial interior renovations in 50 units. Prospective buyers will have the opportunity to further renovate these 50 units, along with the remaining 26 unrenovated units to bring them up to the same finish levels consistent with the rent comparables. Additionally, there are 4 units that have been renovated to the recommended renovation scope. Furthermore, new ownership can capitalize on the implementation of sophisticated third-party management.
Ability to Increase Other Income to Market Comparable Levels
Access to Highway Expansion & Employment