Capstone Apartment Partners is pleased to present Cambridge
Apartments: an 80-unit, 1995-constructed multi-family asset in Cookeville,
Tennessee. Located adjacent to Highway 111, the property offers immediate
access with minimal commutes to primary employers and economic drivers of
Putnam County. Current ownership has completed exterior renovations and partial
interior renovations in 50 units. Prospective buyers will have the opportunity
to further renovate these 50 units, along with the remaining 26 unrenovated
units to bring them up to the same finish levels consistent with the rent
comparables. Additionally, there are 4 units that have been renovated to the
recommended renovation scope. Furthermore, new ownership can capitalize on the
implementation of sophisticated third-party management.
Value-Add Program
Ability to Increase Other Income to Market Comparable Levels
Access to Highway Expansion & Employment