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Capstone is pleased to present the Villas of Cortland Creek. Located in Cortland, Ohio, just north of Youngstown, this 40-unit affordable senior apartment community presents a compelling opportunity to invest in a growing niche with significant upsides. Built in 2008 and currently in its 15-year extended use period, this affordable senior living complex is ideally located in an MSA with limited options for its aging population. With units currently being leased below the maximum AMI-restricted rents, new owners will have the opportunity to access better-than-market returns by quickly bringing all units to the maximum allowable level. With a strong projected return on investment and a wide tenant base to be found in the surrounding area, the Villas of Cortland Creek offers an enticing opportunity for new owners looking to invest in a growing and underserved market.
Untapped Niche in a Thriving Market
Immediate Opportunities to Increase Revenue
Strategic Location & Ample Amenities
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