Jackson Pointe

Jackson Pointe

Highland Springs, VA
Available
  • Property Type: Apartments
  • Property Size: / 10.6 Acres / 48 Units

Overview

Capstone Apartment Partners is pleased to present Jackson Pointe Apartments: a 48-unit, townhome-style community located in the popular Highland Springs neighborhood of Richmond, Virginia, which represents a rare opportunity to acquire a highly desirable townhome-style asset in ideal proximity to downtown Richmond. 

All of Jackson Pointe's units have undergone condo-quality renovations in recent years at an approximate cost of $25,000/unit. Tenants are provided with the premier rental option in the submarket, given its proximity to downtown Richmond and its massive townhome style floor plans, with all units containing a full size washer/dryer connection. As a result of recent capital improvements and the asset’s overall attractiveness, the property has experienced a substantial increase in EGI since implementing a value-add program and is continuing to trend higher. Jackson Pointe possesses significant upside potential via operational improvements, implementation of a comprehensive utility savings program, and the opportunity to build an additional 40+ units on the property.

Investment Highlights

Largest 3-Bedroom Floorplan in Market
Operational Upside Through Water Submetering and Substantial Recapture of Loss-to-Lease
10 Minutes from Richmond International Airport Job Corridor
Opportunity to Develop Additional 40+ Units

Contact Information

Ron Corrao Senior Advisor 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
Rhodes Marley Investment Sales Advisor P: 704.840.5927
O: 800.746.3175 ext. 736
rhodes@capstone-companies.com
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