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.
$5,500,000+ in Capital Expenditures Over the Past 7 Years
Proven Value-Add Submarket Case Study
Excellent Proximity to Neighborhood Amenities
Resilient Columbus Market Fundamentals