207 W Funderburg Rd, Fairborn, OH 45324 For Sale

3CRE is excited to introduce a multifamily opportunity at 207 W Funderburg Road. Cedar Village Apartments is a well-maintained, 74-unit apartment community offering a diverse mix of living options, including studios, loft-style apartments, and two distinct one-bedroom/one-bath layouts. The property currently has 29 subsidized units and is fully occupied at 96%, demonstrating strong tenant demand. Significant capital improvements enhance both the functionality and curb appeal of the property, including a new roof and gutters installed five years ago, parking lot resurfaced four years ago, new exterior lighting added two years ago, sidewalk replaced last year, new baseboard heaters installed last year, washers and dryers replaced six months ago, AC units replaced two months ago, and new appliances installed last month. All units benefit from surface parking, ensuring convenience for all residents.

Located in the heart of Fairborn, Ohio, Cedar Village Apartments offers easy access to local amenities, shopping, dining, and major transportation routes. The property is ideally situated in close proximity to Wright-Patterson Air Force Base and Wright State University, making it an attractive option for military personnel, students, and faculty. Tenants can enjoy a balance of community living and accessibility, while investors benefit from strong occupancy and recent capital improvements, making this property a turnkey opportunity for long-term, reliable income.