Enclave | The Magnolia | Concho Vista

Enclave Apartments | $975,000

Capstone is pleased to present the Enclave Apartments: a 14-unit apartment complex built in 1973 and recently renovated. The Enclave Apartments boasts high historical occupancy with the ability to increase rents on day one. The property is primed for new ownership to bring in professional third-party management to increase operational efficiencies, streamline processes, and grow NOI. Lastly, the property was renovated in recent years, updating units, and recently investing CapEx.

Investment Highlights:

High Historical Occupancy/Stabilization

Benefits of Hiring Professional Third-Party Management

Upgraded Units with Major Recent CapEx

The Magnolia Apartments | $600,000

Capstone is pleased to present the Magnolia Apartments, an 8-plex built in 1974 in the heart of San Angelo, Texas. The Magnolia boasts strong historical returns due to its high occupancy and stabilization. The property is primed for the installation of professional third-party management to increase operational efficiencies and ease of ownership. Strategically located near the Goodfellow Airforce Base, the property reaps the benefits of the strong tenant base and resilient submarket fundamentals.

Investment Highlights:

Strong Returns with The Magnolia

Enhanced Operational Efficiency Through Professional Management

Strategic Location Advantage Near the Air Force Base

Concho Vista Apartments | $900,000

Capstone is pleased to present Concho Vista, a 12-unit apartment complex built in 1971 and renovated in 2021. Strategically located within San Angelo, the property boasts high historical occupancy due to its attractive renovations and property operations. Concho is being offered at an attractive and above-market going-in CAP rate of 7.21%.

Investment Highlights:

Recently Renovated Units

High Occupancy

High Going-In CAP Rate of 7.21%