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Stathem Apartments 3340-3348 Stathem Ave

33 Unit Block of Flats £1,936,564 (£58,684/Unit) 8.22% Net Initial Yield 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.

Attachments

Stahem Cove OM

Property Facts Under Contract

Price £1,936,564
Price Per Unit £58,684
Sale Type Investment
Net Initial Yield 8.22%
No. Units 33
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 13.12 AC
Building Size 19,356 SF
Number of Floors 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 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 210-0073-0180
  • 210-0073-0040
Land Assessment
£46,391
Improvements Assessment
£155,461
Total Assessment
£201,853

zoning

Zoning Code R-5, Cincinnati (Designed to accommodate higher-density residential developments.)
R-5, Cincinnati (Designed to accommodate higher-density residential developments.)
  • Listing ID: 32707279

  • Date on Market: 06/08/2024

  • Last Updated:

  • Address: 3340-3348 Stathem Ave, Cincinnati, OH 45211

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