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The Village At Wilma Court Apartments 3935-3939 Wilma Ct 24 Unit Apartment Building $2,650,000 ($110,417/Unit) 8.78% Cap Rate Cincinnati, OH 45245
Executive Summary
Turnkey 24-Unit Garden-Style Apartment Community
3935–3939 Wilma Ct is a 24-unit garden-style multifamily community offered at a 8.78% cap rate. The property consists of 10 two-bedroom and 14 one-bedroom apartments, with tenants paying electric and a RUBS program in place to offset owner utility costs.
Each unit has its own HVAC system and individual water heater — keeping maintenance straightforward and landlord expenses low. The property features 36 surface parking spaces, providing ample on-site parking for residents. Upside remains through continued rent growth, implementation of hardwired internet as an additional income stream, and courtyard amenity improvements to strengthen the resident experience and support premium pricing.
Located in Withamsville, 20 minutes from downtown Cincinnati via I-275, the property benefits from a suburban, residential setting with easy access to the broader Cincinnati metro. At a 8.78% cap, this is a high-performing asset with steady cash flow.
3935–3939 Wilma Ct is a 24-unit garden-style multifamily community offered at a 8.78% cap rate. The property consists of 10 two-bedroom and 14 one-bedroom apartments, with tenants paying electric and a RUBS program in place to offset owner utility costs.
Each unit has its own HVAC system and individual water heater — keeping maintenance straightforward and landlord expenses low. The property features 36 surface parking spaces, providing ample on-site parking for residents. Upside remains through continued rent growth, implementation of hardwired internet as an additional income stream, and courtyard amenity improvements to strengthen the resident experience and support premium pricing.
Located in Withamsville, 20 minutes from downtown Cincinnati via I-275, the property benefits from a suburban, residential setting with easy access to the broader Cincinnati metro. At a 8.78% cap, this is a high-performing asset with steady cash flow.
Property Facts
| Price | $2,650,000 | Building Class | C |
| Price Per Unit | $110,417 | Lot Size | 1.25 AC |
| Sale Type | Investment | Building Size | 20,976 SF |
| Cap Rate | 8.78% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | N/Av, Union Twp | ||
| Price | $2,650,000 |
| Price Per Unit | $110,417 |
| Sale Type | Investment |
| Cap Rate | 8.78% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.25 AC |
| Building Size | 20,976 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1974 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | N/Av, Union Twp |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $138,600 | |
| Land Assessment | $79,420 | Total Assessment | $218,020 |
Property Taxes
Parcel Numbers
Land Assessment
$79,420
Improvements Assessment
$138,600
Total Assessment
$218,020
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The Village At Wilma Court Apartments | 3935-3939 Wilma Ct