Market-Share Acquisition Opportunity
Williamsburg of Cincinnati is a remarkable investment opportunity. The property is the largest multifamily property in the Cincinnati area and has a vast connectivity across the entire metro market. allowing an incoming investor to create a large footprint in the Cincinnati Multifamily market with just one purchase. The asset is spread across 135.95 acres with 102 buildings consisting of 976 total units.
Favorable Unit Mix
The unit mix is diversified with over 10 different floorplans ranging from studios to three bedrooms. Two-bedroom floorplans make up 47% of the unit mix and one-bedroom floorplans make up an additional 40% leaving the remaining 13% split between studios and three-bedroom floorplans.
The asset is only minutes from I-75, 10-15 minutes from I-275 (East, North, or West), and 15 minutes from downtown Cincinnati. Due to the proximity to I-75, there is strong connectivity to all major highways and state routes. The main entrance to the asset sits along Galbraith Road, which runs through the I-275 loop, as a service street, to connect the West side of I-275 to the East side over 10,000 cars use Galbraith Road, daily, providing excellent frontage exposure.
By The Numbers
Williamsburg of Cincinnati has some of the lowest rents and largest units in comparison to market comps which add to the property’s remarkable investment opportunity. The neighboring comps’ rental rates are between $200 to $600 higher than the current rental rates of the subject property, providing plenty of room to scale the property. Comps for this asset have increased their rents by an average of 28% in under three years, with the great hike being a 40% increase.
Strong Local Housing Demand
Another notable factor of the asset’s location is the surrounding neighborhood home values. The Single-family residential homes surrounding the property are valued from high $300s to over $1m, highlighting the strength of the local housing market and the attraction to live in the area.
|Address:||200 W Galbraith Road|