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The Cedar Village Apartments 207 W Funderburg Rd 74 Unit Apartment Building $6,000,000 ($81,081/Unit) 7.01% Cap Rate Fairborn, OH 45324
INVESTMENT HIGHLIGHTS
- Cap Rate- 7.01%
- 29/74 Units Subsidized Rent
- Unit Mix - Studio and Loft | 1 BD/1 BA
- 96% Occupied
- Located Near Wright Patt Air-Force Base and Wright State
- Recent capital improvements, including: roof and gutters, resurfaced parking lot, new exterior lighting, new washer and dryers and new AC units
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $6,000,000 | Apartment Style | Garden |
| Price Per Unit | $81,081 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.30 AC |
| Cap Rate | 7.01% | Building Size | 47,820 SF |
| No. Units | 74 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Zoning | R-4 | ||
| Price | $6,000,000 |
| Price Per Unit | $81,081 |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| No. Units | 74 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.30 AC |
| Building Size | 47,820 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Recycling
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | A02-0002-0018-0-0061-00 | Improvements Assessment | $135,950 |
| Land Assessment | $43,910 | Total Assessment | $179,860 |
PROPERTY TAXES
Parcel Number
A02-0002-0018-0-0061-00
Land Assessment
$43,910
Improvements Assessment
$135,950
Total Assessment
$179,860
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The Cedar Village Apartments | 207 W Funderburg Rd
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