Cambridge Apartments

Cambridge Apartments

Cookeville, TN
Available
  • Property Type: Apartments
  • Year Built : 1995
  • Property Size: 88,160 SF / 80 Units

Overview

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.

Investment Highlights

Value-Add Program

Ability to Increase Other Income to Market Comparable Levels

Access to Highway Expansion & Employment

Contact Information

Austin Heithcock Investment Sales Advisor P: 615.477.1971
O: 800.746.3175 ext. 721
h.austin@capstone-companies.com
Adam Klenk Managing Director P: 615.861.9906
O: 800.746.3175 ext. 706
adam@capstone-companies.com
Tyler Mayo Investment Sales Advisor P: 662.386.1622
O: 800.746.3175 ext. 729
tyler@capstone-companies.com
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