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Capstone Apartment Partners is currently offering property tours for Windy Pines Apartments, an ideally positioned 40-unit investment opportunity located in Jacksonville, FL. The garden-style community was built in 1990, and has a desirable unit mix consisting of one, two, and three bedroom units.

Investment Highlights

Desirable Unit Mix and Convenient Location
Continuation of Value Driving Property Enhancement Program
Opportunity to Implement Utility Reimbursement Program

Investment Summary

Address:  6650 103rd Street
City/State:  Jacksonville, FL
Property Type:  Garden-Style
Acreage:  7.35
Number of Units:  40
Year of Construction:  1990
Occupancy:  95.0%
Rentable Square Feet:  34,000
Average Unit Size (Sq. Ft.):  860
Average Rent per Unit:  $705
Average Rent per Square Foot:  $0.82
Sales Terms:  Free and Clear
Cap Rate:  8.90%
Offering Price:  $1,735,000

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Capstone Closes $16.9 Million Sale of 299-Unit Apartment Community in Greensboro, NC

Capstone Apartment Partners has closed the $16.9 million sale of Brannon Park: a 299-unit garden-style apartment community in the Northeast Greensboro submarket, situated within one mile of two grocery stores, several restaurants, and retail outlets. The tree-lined property sits on nearly 24 acres, with 13 three-story apartment buildings nestled around a small lake.

04

Nov

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