Download Offering Materials: Anna Marie
Capstone Apartment Partners is pleased to present Anna Marie Apartments: a 79-unit apartment community in the centrally located Lockland suburb of Cincinnati, Ohio. Current ownership has made consistent capital improvements to cure deferred maintenance and upgrade the property exterior and unit interiors while maintaining solid cash-flow at the property. An incoming investor can build on this by further increasing cash flow, absorbing the loss-to-lease on existing leases, signing renewals and new leases at market rates, and completing the in-place utility reimbursement program implemented by current management. Additionally, Anna Marie is centrally located within Cincinnati and has excellent access to local employment centers and neighborhood amenities. Cincinnati is also one of the strongest and most resilient employment and multi-family markets in the Midwest and has a diversified economy supported by consistent employment growth; which in turn, has continued to foster demand and consistent rent growth even amidst the COVID-19 pandemic.
Existing Value Propositions
Significant CapEx Provides Basis for Future Growth
Excellent Proximity to Local Employers and Surrounding Amenities
Located in Qualified Census Tract Area
Resilient Multi-Family Market