Stathem Apartments | 3340-3348 Stathem Ave
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Stathem Apartments 3340-3348 Stathem Ave
33 Unit Apartment Building $3,508,238 CAD ($106,310 CAD/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 | $3,508,238 CAD | Apartment Style | Low Rise |
| Price Per Unit | $106,310 CAD | 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 | $3,508,238 CAD |
| Price Per Unit | $106,310 CAD |
| 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 | $279,431 CAD | |
| Land Assessment | $83,385 CAD | Total Assessment | $362,816 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$83,385 CAD
Improvements Assessment
$279,431 CAD
Total Assessment
$362,816 CAD
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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