The Overlook at Stonemill

The Overlook at Stonemill

Lynchburg, VA
Available
  • Property Type: Apartments
  • Year Built : 2001
  • Property Size: 224,970 SF / 216 Units

Overview

Capstone Apartment Partners is pleased to present The Overlook at Stonemill: a 216-unit, 2001 vintage apartment community in Lynchburg, Virginia. The Overlook at Stonemill is surrounded by some of the region’s most prolific employers, including Liberty University and Centra Health. Additionally, the asset is conveniently located adjacent to the Lynchburg Expressway, affording residents easy access to multiple demand drivers around Lynchburg and neighboring cities. The Overlook at Stonemill represents an exciting opportunity to purchase a newer vintage high-quality asset with minimal deferred maintenance, allowing new ownership to focus on pushing rents and driving NOI growth through a market-proven value add initiative and other NOI Growth initiatives.

Investment Highlights

  •           Ideal Value-Add Opportunity
  •          Rents Below Market
  •          Opportunity to Right Size Operational Expenses
  •          Proximity to Liberty University and Other Major Employers
  •          Additional Land Available for Development

Contact Information

Ron Corrao Director P: 757.749.6994
O: 800.746.3175 ext. 712
ron@capstone-companies.com
Eric Liebich Investment Sales Advisor P: 248.225.3706
O: 800.746.3175 ext. 730
eric@capstone-companies.com
Cole Carns Investment Sales Advisor P: 804.878.1258
O: 800.746.3175 ext. 777
ccarns@capstone-companies.com
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