Capstone Apartment Partners is pleased to present the Kearney Apartment Homes, a 107-unit, apartment community located in Kearney, Nebraska. Just outside of Downtown Kearney, the property has several tenant friendly amenities such as off-street private parking, barbecue area, and is just a few blocks from the Kearney Country Club. Kearney Apartment Homes is also one of the few pet-friendly properties in town with a dog washing station and park for residents to enjoy. The complex is also located a short distance away from the city’s best grocery stores, restaurants, and entertainment.
Value Add Potential:
The Kearney Apartment Homes are perfectly positioned for the implementation of an interior value-add program that will realize significant premiums over current in-place rents. Based on a modest value-add analysis completed by Capstone, it is projected that the property can achieve rental increase of greater than 12% which would equate to an ROI of 15%.