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$ 871,500
Est. payment | /mo
$ 871,500
Est. payment | /mo
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1856538
Year Built 1927
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
Price Improvement! 9495 Reading Rd. offers a 14-unit multifamily investment in the centrally located Reading neighborhood of Cincinnati. The property includes a 12-unit building and a duplex with a mix of 1 studio, 11 one-bedrooms, 1 two-bedroom, and 1 three-bedroom. The last vacant unit was fully renovated, ensuring all units are rent-ready. The 12-unit building is heated by a central boiler system, while all units are separately metered for electric. At pro forma, the property can generate $13,750 per month, equating to just $62,250 per door. Well-positioned in a stable submarket with strong rental demand, 9495 Reading Rd. is an ideal addition for investors looking to scale their portfolio.
Location
State OH
County Hamilton
Area Hamilton-E03
Rooms
Basement Partial
Interior
Heating Gas, Hot Water
Cooling Window Unit
Fireplaces Type None
Window Features Aluminum
Exterior
Parking Features None
View Y/N No
Water Access Desc Public
Roof Type Shingle,Membrane
Building
Foundation Poured
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Schools
School District Reading Community Ci
Listed by Keller Williams Advisors