Stathem Apartments | 3340-3348 Stathem Ave
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Stathem Apartments 3340-3348 Stathem Ave
33 Unit Apartment Building $2,475,000 ($75,000/Unit) 8.22% Cap Rate Cincinnati, OH 45211
Investment Highlights
- New roofs
- Easy access to a variety of dining options, boutiques, and breweries
Executive Summary
Home in Cincy is delighted to present an exceptional investment opportunity to be on the front edge of Westwood as new developments and revitalization take root with the acquisition of Stathem Cove, This property features 33 well-maintained units set in a serene, park-like environment, providing a tranquil living experience. Conveniently located near the vibrant Westwood business district, residents can enjoy easy access to a variety of dining options, boutiques, and breweries. Stathem Cove is a solid multi-family residential complex in the heart of Cincinnati westside neighborhoods. For investors looking to acquire a high-quality, low-maintenance property Stathem Cove represents a compelling opportunity in Cincinnati's competitive real estate market.
Property Facts Under Contract
| Price | $2,475,000 | Apartment Style | Low Rise |
| Price Per Unit | $75,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 13.12 AC |
| Cap Rate | 8.22% | Building Size | 19,356 SF |
| No. Units | 33 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 2.07/1,000 SF |
| Price | $2,475,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 8.22% |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 13.12 AC |
| Building Size | 19,356 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.07/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
| 2+1 | 6 | - | - |
| Studios | 4 | - | - |
| 2+2 | 6 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $198,685 | |
| Land Assessment | $59,290 | Total Assessment | $257,975 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$59,290
Improvements Assessment
$198,685
Total Assessment
$257,975
zoning
| Zoning Code | R-5, Cincinnati (Designed to accommodate higher-density residential developments.) |
| R-5, Cincinnati (Designed to accommodate higher-density residential developments.) |
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Stathem Apartments | 3340-3348 Stathem Ave
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