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1 Mulbbery

Posted by ME Real Estate on October 8, 2019

Creekside Apartments: a 70-unit apartment community situated in the centrally-located Lockland neighborhood of Cincinnati, Ohio. Current ownership has made consistent capital improvements to cure deferred maintenance, while maintaining solid cash flow at the property. An incoming investor can build on this by substantially increasing current rents that lag the submarket by over $0.20/SF, or 30-35% on a gross rental rate basis, depending on the floor plan. Additionally, Creekside Apartments is centrally located within Cincinnati and has excellent access to local employment centers, neighborhood amenities, and all major interstates. Cincinnati is also one of the strongest multi-family markets in the Midwest, and has a diversified economy supported by consistent employment growth; which, in turn, has fostered strong demand and consistent rent growth for multi-family investors.

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