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$ 622,500
Est. payment | /mo
10,105 Sqft Lot
$ 622,500
Est. payment | /mo
10,105 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1856527
Year Built 1951
Lot Size 10,105 Sqft
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
MAJOR PRICE IMPROVEMENT: 9481 Reading Rd. is a well-located 10-unit property in the heart of Cincinnati's Reading neighborhood. The mix of 6 studios, 2 one-bedrooms, and 2 two-bedrooms creates flexibility for renters and steady cash flow for ownership. One unit has been recently updated, giving a head start on value-add improvements. The building is heated by a central boiler and two furnaces, with utilities currently covered by the owneroffering an immediate opportunity to lower expenses by shifting costs through RUBS or separate metering. Additional upside remains through rent growth and continued unit upgrades. Priced at only $62,250 per door, this is a compelling entry point for investors looking to scale in a strong rental submarket with durable tenant demand.
Location
State OH
County Hamilton
Area Hamilton-E03
Rooms
Basement Full
Interior
Heating Gas, Hot Water
Cooling Wall Unit
Fireplaces Type None
Window Features Aluminum
Exterior
Parking Features Built in
View Y/N No
Water Access Desc Public
Roof Type Shingle
Building
Foundation Poured
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Reading Community Ci
Listed by Keller Williams Advisors