Clear Point Gardens

Clear Point Gardens

Columbus, OH
Available
  • Property Type: Apartments
  • Year Built : 1969
  • Property Size: 418,280 SF / 604 Units

Overview

Capstone Apartment Partners is pleased to present Clear Point Gardens, a unique opportunity to acquire a 604-unit multi-family community in the thriving Northland submarket of Columbus, OH. The property is comprised of 33 two and three-story buildings with a mix of flats and townhomes, in a dynamic setting covering roughly 25 acres and surrounded by a multitude of retail and dining options.

Clear Point Gardens has been extremely well maintained with current and prior ownership contributing $5,500,000+ in capital improvements over the past seven years addressing deferred maintenance, as well as interior and exterior improvements. Current management has continued a repositioning of the asset which includes interior renovations of over 15% of the units proving demand for higher quality finishes and capacity for much higher rent levels.

Furthermore, Clear Point Gardens is exceptionally well-positioned within the extremely resilient Columbus multi-family market, making this an exciting opportunity for incoming investors to break into the market or grow their current footprint with this sizeable value-add asset.

Investment Highlights

$5,500,000+ in Capital Expenditures Over the Past 7 Years

Proven Value-Add Submarket Case Study

Fresh Debt

Excellent Proximity to Neighborhood Amenities

Resilient Columbus Market Fundamentals

Contact Information

Sherief Gouda Senior Advisor P: 513.252.1427
O: 800.746.3175 ext. 708
sherief@capstone-companies.com
Stash Geleszinski, CCIM Managing Director P: 513.506.2872
O: 800.746.3175 ext. 705
stash@capstone-companies.com
Nathan Murphy Senior Advisor P: 513.460.5941
O: 800.746.3175 ext. 707
nathan@capstone-companies.com
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