10 Waters Edge Cir
Delaware, OH 43015
Water's Edge Apartments · Multifamily Property For Sale · 58 Units

Capstone Apartment Partners is pleased to present Water’s Edge Apartments, an exciting opportunity to acquire a 58-unit apartment community in the thriving Delaware, OH submarket—located within the Columbus MSA. The community sits on 5.83 well-manicured acres and is situated along the scenic Olentangy River off Stratford Road, adjacent to US 23. The property is composed of ten (10) two-story buildings that contain large one- and two-bedroom garden suites. Water's Edge boasts a favorable unit mix of 18 one-bedroom/one-bathroom suites at 700 square feet, 36 two-bedroom/one-bathroom suites at 1,052 square feet, and four two-bedroom/one-bathroom suites at 1,116 square feet. The units at Water’s Edge include designer floor plans, enclosed patio or balcony, and washer dryer hookups in each unit. Community amenities include a sparkling swimming pool with sundeck, covered outdoor shelter with furniture and grilling areas, 26 private garages for residents to rent, and ample surface parking spaces in front of each unit. The asset has been incredibly well-maintained, and current ownership has fostered a true sense of community at the property; thereby, leaving incoming investors with a stable and loyal resident base upon acquisition. Water’s Edge also benefits from its excellent location and proximity to the area’s amenities and employment centers. Delaware, OH has benefited from the expansion of the Columbus MSA and boasts robust multi-family fundamentals with limited quality supply for the expanding resident base—making this a great asset for investors to expand their current footprint in the Columbus MSA.