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32773632
32773652

3935 WILMA CT, CINCINNATI, OH 45245 For Sale

AC
OH 2014003970
KW Commercial Keller Williams Advisor's Realty
Listed by KW Commercial Keller Williams Advisor's Realty
$2,650,000
1 day on market
Updated 1 day ago

CINCINNATI 24-UNIT | 8.78% CAP RATE | GARDEN STYLE

Details
APN 41-41-03.-067
Property Type Multifamily
Square Footage 20,976
Units 24
Cap Rate 9.03%
NOI $239,408
Year Built 1974
Buildings 2
Stories 3
Acreage 0.790
Zoning R-1
Parking Spaces 36 spaces
Parking per 1,000 SqFt 1.72

About This Property for Sale

Marketing description

3935–3939 Wilma Ct presents an exceptional opportunity to acquire a stabilized garden-style multifamily community with an attractive mix of one- and two-bedroom apartments. Comprised of 24 total units, including 10 two-bedroom and 14 one-bedroom layouts, the property is well-positioned to serve a broad tenant base seeking affordable and functional housing options. The asset offers operational efficiency through separate HVAC systems and tenant-paid electric, helping minimize landlord utility exposure while simplifying ongoing management.

Further enhancing the investment profile, the property currently operates with a RUBS utility reimbursement program already in place, providing additional income support and expense recovery potential. The community also features ample surface lot parking with approximately 30 parking spaces, offering convenience for residents and contributing to strong tenant appeal and retention.

With its turnkey condition, efficient operational structure, and desirable garden-style layout, 3935–3939 Wilma Ct represents a compelling multifamily investment opportunity for buyers seeking stable cash flow and long-term upside. The property’s practical unit mix, low-maintenance systems, and renter-friendly amenities position it well within the market for continued occupancy and performance.

Investment highlights

  • Garden-Style Apartment Community
  • Two (2) Buildings
  • Diverse Unit Mix | 10 Two-Beds & 14 One-Bed Units
  • Separate HVAC Systems | Tenant-Paid Electric
  • Turnkey Investment
  • RUBS in Place
  • Ample Surface Lot Parking | ±30 Spaces

Listing Contacts

AC
OH 2014003970
KW Commercial Keller Williams Advisor's Realty
Listed by KW Commercial Keller Williams Advisor's Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$239,408.00
$19,950.67/mo

Valuation Metrics

0
DSCR
9.03%
Cap Rate
9.03%
ROI

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