The Ashley

Capstone is pleased to present The Ashley, a 97-unit apartment community with a multitude of townhome units located in Columbia, TN. Situated just 2.4 miles from downtown, it offers residents unmatched convenience with easy access to Columbia’s main retail corridor and major employers. Previous ownership has implemented extensive interior and exterior renovations, leaving the property with minimal deferred maintenance and newly modernized units. Investors have the opportunity to immediately raise rents by 15%+, capturing the substantial gap between in-place and market rents, which will significantly increase revenue. With its rare unit mix of three-bedroom and four-bedroom townhomes, The Ashley is the only property in Columbia offering four-bedroom units, positioning it as a market leader capable of commanding premium rents. Additionally, the property benefits from a HUD loan with a favorable fixed interest rate of 3.05% and a 35-year term, providing long-term financial stability.

Investment Highlights:

Assumable Loan
(3.05% – 35yr Fully Amortizing)

Ideal Unit Mix Comprised of Majority 3 and 4 BR units

Operational Efficiency Upside and Recent Capital Improvements

Headroom for Market Rate Increases

Convenient Location