The Falls at Mill Creek

The Falls at Mill Creek

Nashville, TN
Under Contract
  • Property Type: Apartments
  • Year Built : 1973/2016
  • Property Size: / 204 Units

Overview

Capstone Apartment Partners is pleased to present The Falls at Mill Creek, an exceptionally well-maintained asset located in Nashville, Tennessee. Situated in one of the hottest Nashville submarkets, the property will benefit from immediate proximity to Downtown and Wedgewood-Houston, convenient interstate access, and adjacency to Nashville International Airport. The Falls at Mill Creek underwent a comprehensive reposition in 2015/2016 featuring upgrades such as brand-new roofs, all new siding and HVAC systems, and a complete interior renovation. Although The Falls at Mill Creek features upgraded interiors, current market rents fall more than $300 below market average in the immediate area, presenting an opportunity for instant organic rent growth. The next owner is poised to benefit from the rapid growth and expansion of the Southeast submarket, which saw rents increase 20% year over year, leading the Nashville MSA.

Investment Highlights

  • Well-Maintained Asset With No Deferred Maintenance
  • Submarket Competition Supports Ability to Drive Rents
  • Unprecedented Multi-Family Growth
  • Downtown & Entertainment Proximity
  • Connectivity to All Employment Nodes & BNA

Contact Information

Adam Klenk Managing Director P: 615.861.9906
O: 800.746.3175 ext. 706
adam@capstone-companies.com
Tyler Mayo Senior Advisor P: 662.386.1622
O: 800.746.3175 ext. 729
tyler@capstone-companies.com
Austin Heithcock Investment Sales Advisor P: 615.477.1971
O: 800.746.3175 ext. 721
h.austin@capstone-companies.com
Jordan Arand Investment Sales Advisor P: 815.291.9250
O: 800.746.3175 ext. 747
jarand@capstone-companies.com
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