Capstone Apartment Partners is pleased to present a two-property portfolio consisting of 190 units in the Cleveland, OH MSA. The two assets are Kenwood Village (94 units in Euclid) and Nottingham Place (96 units in Cleveland). These assets have both received significant capital expenditures in the past 12 months—curing deferred maintenance and preparing the properties for sale. The portfolio offers excellent locations within Greater Cleveland, with convenient access to thousands of local jobs, major interstates, neighborhood amenities, local transit, and the downtown Cleveland employment center. Additionally, both assets have favorable loan assumptions available (although not necessary), and are in a Qualified Opportunity Zone; thereby, providing potential investors with the chance to break into the Cleveland market or grow their current portfolio.
Existing Value Propositions
Significant Recent Capex
Excellent Employment and Retail Amenities
Growing Economy and Improving Multi-family Fundamental Trends
Fresh Debt or Loan Assumption Available
Located in a Qualified Opportunity Zone