Marcus & Millichap is pleased to present North Creek, 141 units of apartment living located in Northwestern Cincinnati, 15 minutes from downtown. Located in the submarket of North College Hill, this property provides the investor a hard-to-find opportunity with phenomenal potential due to its solid submarket fundamentals top-notch employment and high demand.
By The Numbers:
North Creek occupancy has traced under 5% throughout the trailing 12 months. Cincinnati as a whole has ranked third place for the region on occupancy while it hit eleventh place throughout the entire country, yet again showing its strength and resiliency.
A Submarket On The Move:
College Hill has been a target of significant public and private infrastructure across many different factions. Just south of the property is a thirty-one-million-dollar mixed use apartment complex expected to deliver in 2022, with an onslaught of custom homes to be delivered in the immediate vicinity as well. Cincinnati Children’s is also underway on a ninety-million-dollar expansion facility in College Hill.
Consistent Rental Collections:
Although the apartment industry faced one of its most trying years relating to collections across all asset types, North Creek boasted collections over 99% throughout all of 2020. Collections are expected to continue to stay strong, unsurprisingly as Cincinnati was ranked third best for limited job loss through the COVID-19 pandemic.
|Address:||1560 Galbraith Road|