41-Units with Approved Above-Market Subsidy Rents in Emerging Cincinnati Neighborhood

Carlton Place Apartments: Access Offering Materials

Capstone Apartment Partners is pleased to present Carlton Place Apartments, a 41-unit stabilized asset with value-add upside in the Bond Hill/Roselawn submarket of Cincinnati, OH. Constructed between 1912 and 1962, Carlton Place Apartments consists of 41 total units with a mix of efficiency, one-, two-, and four-bedroom garden-style apartments. The property is comprised of four apartment buildings and one two-family building, all located on the corner of Reading Road and Yarmouth Avenue. Carlton Place Apartments provide investors with the opportunity to acquire a stabilized, cash-flowing asset with immediate value-add upside in a growing suburb of Cincinnati. The asset is exceptionally positioned with immediate access to I-71 and I-75, providing convenient access to downtown Cincinnati and its abundance of major employers. Supported by solid management, continuous capital expenditures by previous ownership groups to maintain asset quality, and community revitalization efforts, this opportunity provides the basis to implement a value-add program while also enjoying in-place robust cash flow.

Investment Highlights

Recently Increased Rents with Additional Upside

Bond Hill’s Ongoing Revitalization

Excellent Proximity to Local Employers and Surrounding Amenities

Cincinnati Market Fundamentals

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