Download Offering Materials: Gracely Gates Apartments
Capstone Apartment Partners is pleased to present Gracely Gates Apartments–a 33-unit asset in the Sayler Park neighborhood of Cincinnati, OH. This apartment community offers investors clear avenues for both short- and long-term returns: current effective rents are well below what the immediate surrounding market can bear and the West Cincinnati submarket continues to see steadily increasing rents coupled with declining vacancy trends. A short drive to downtown and convenient access to Cincinnati’s industrial districts and other employment centers, Gracely Gates is well-positioned to cater to tenants with either urban or outlying employment. The property’s current owner has invested heavily into capital expenditures, allowing for minimal near-term expense. Simply put, Gracely Gates offers an attractive opportunity for new entrants to the sought-after Cincinnati marketplace, as well as seasoned Cincinnati investors looking to increase their footprint with a strong value-add opportunity.
Opportunity to Bring Rents In-Line with Submarket
Significant Capex Completed During Ownership Period
Centrally Located Near Booming Employment Drivers
Resilient Cincinnati & Submarket Multi-Family Fundamentals