464 Brentwood Drive, Daytona Beach
PROPERTY DETAILS
Capstone acquired a value add workforce housing multifamily property located at 464 Brentwood Drive, Daytona Beach.
Property Renovations Include:
- Complete roof, HVAC, packing lot, and all new exterior LED lighting upgrade.
- Reimagined apartment design including new carpet, new kitchen, new flooring and upgraded appliances.
- Complete landscaping overhaul, new front entrance, better visibility.
| Asset Class | Multifamily |
| Property Size | 128 Units |
| Investment Status | Redevelopment |
| Forecast Deal IRR | 20% |
| Forecast Deal EM | 2.80X |
| Year Acquired | 2020 |