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Straford Condominiums 255 Warner St 30 Unit Apartment Building $11,750,000 ($391,667/Unit) 6.38% Cap Rate Cincinnati, OH 45219
Investment Highlights
- Historic architecture combined with modern upscale apartment finishes.
- Multiple luxury floor plans featuring premium interior upgrades.
- Individually metered utilities and parcel zoning allow flexible future use.
- Located just a few blocks from the University of Cincinnati campus.
- Gated private parking provides added security and resident convenience.
- Strong long-term investment potential with multiple redevelopment options.
Executive Summary
The Stratford is located just a few blocks away from the University of Cincinnati college campus. Boasting historical architecture and featuring upscale luxury apartments with eight different floor plans. All 2bdrm units & up comes with two full baths, stainless steel appliances, washer and dryer, granite countertops and original hardwood floors. All tenants enjoy gated private parking spaces and all units are equipped for tenants to pay their own utilities and property taxes. Plenty of room to increase rents up to market rent and yield at least $750K N.O.I. All units are zoned with individual parcel id's giving the option for units to be sold as condos. Would also make a fantastic hotel!
Property Facts
| Price | $11,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $391,667 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.82 AC |
| Cap Rate | 6.38% | Building Size | 48,732 SF |
| No. Units | 30 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Parking Ratio | 0.62/1,000 SF |
| Zoning | OG | ||
| Price | $11,750,000 |
| Price Per Unit | $391,667 |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.82 AC |
| Building Size | 48,732 SF |
| No. Stories | 3 |
| Year Built | 1890 |
| Parking Ratio | 0.62/1,000 SF |
| Zoning | OG |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Granite Countertops
- Stainless Steel Appliances
- Walk-In Closets
- Wi-Fi
- Intercom
- Loft Layout
- Skylights
Site Amenities
- Gated
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+2 | 24 | - | - |
| 4+4 | 1 | - | - |
| 5+5 | 1 | - | - |
1 1
Walk Score®
Very Walkable (84)
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Straford Condominiums | 255 Warner St
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