Capstone is pleased to present The Ashton: a 56-unit, 1978 vintage apartment community located in Olympia, WA. The Ashton offers an extremely well-maintained asset that benefits from significant recent capex and an in-place value-add program. With over $900,000 of recent interior and exterior capital expenditures, the value-add program will provide an excellent foundation for new ownership to utilize and take the property to the next level. With the majority of the heavy lifting complete and an interior value-add program in-place, new ownership can immediately focus on driving NOI growth organically on renewals, while renovating the remaining units upon turnovers. The Ashton is ideally located in the East Olympia submarket with immediate access to an abundance of demand drivers within a 10-minute drive. With the opportunity for significant premiums through the continuation of the value-add program, positive multi-family fundamentals, and an excellent location in Olympia, The Ashton is one of the premier investment opportunities in Olympia.
Significant Value-Add Opportunity
Strong Market Fundamentals for Multi-Family Housing
Excellent Proximity to Retail and Amenities