Capstone Apartment Partners is pleased to present Latitude Five25:
a unique opportunity to acquire a centrally located, 392-unit,
high-rise apartment community with significant value-add potential near
downtown Columbus, OH. Latitude Five25 consists of two 15-story
residential towers, offering panoramic views of the city’s skyline.
Current ownership has invested nearly $4,400,000 in major capital
improvements since purchase in 2017, eliminating any possibility of
surprises with major systems or mechanicals. Building off this
foundation, an incoming investor can focus on significantly growing NOI
and generating value by capitalizing on ownership’s proven interior unit
renovation program. Additionally, the property sits adjacent to
downtown Columbus and is located in the path of progress expanding East
of the CBD.
Latitude Five25 represents an exciting
opportunity to acquire high-rise asset at a fraction of replacement cost
with a myriad of avenues to generate significant value over incoming
basis for investors looking to expand their Columbus portfolio or break
into the market for the first time.
Immediate Management Value-Add Upside
Ongoing Capital Expenditures Provide Foundation for Interior Upgrade Program
Infill Location Directly in Path of Progress
Resilient Columbus Market Fundamentals