Nottingham Place

Nottingham Place

Cleveland, OH
Under Contract
  • Property Type: Apartments
  • Year Built : 1964
  • Property Size: / 96 Units


Capstone Apartment Partners is pleased to present the opportunity to acquire Nottingham Place, a 96-unit garden-style apartment complex located in the South Collinwood submarket of Cleveland, OH. The asset is located within a Qualified Opportunity Zone, which has seen generous investment in recent years, allowing new ownership to benefit from ascending economic trends. New ownership will have multiple avenues to increase EGI immediately upon acquisition, including significant loss-to-lease recapture and the ability to trade out Section-8 leases to full market rate. The asset offers investors the unique opportunity to acquire free & clear or with an assumption of the current loan. As the price of debt continues to rise, this may be a preferable option. 

Investment Highlights

  • Asset Located Within a Qualified Opportunity Zone
  • Firmly in the Path of Progress
  • Nearby One-Bedroom Units Renting for $150+ Premiums
  • Multiple Sources to Increase EGI
  • Ability to Assume Current Loan

Contact Information

Sherief Gouda Senior Advisor P: 513.252.1427
O: 800.746.3175 ext. 7008
Stash Geleszinski, CCIM Managing Director P: 513.506.2872
O: 800.746.3175 ext. 7005
Nathan Murphy Senior Advisor P: 513.460.5941
O: 800.746.3175 ext. 7007
William Thurner Investment Sales Advisor P: 513.364.8600
O: 800.746.3175 ext. 7035
Kevin Burns Investment Sales Advisor P: 239.272.1661
O: 800.746.3175 ext. 7039