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 has upgraded 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