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$650,000
Est. payment /mo
10,105 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1850272
Year Built 1951
Lot Size 10,105 Sqft
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
9481 Reading Rd. is a 10-unit multifamily asset located in the desirable Reading neighborhood of Cincinnati. The property features a unit mix of 6 studios, 2 one-bedrooms, and 2 two-bedrooms, catering to a wide range of renters. Heating is provided by a central boiler and two furnaces, all paid by the owner, offering a clear opportunity to improve operating expenses. This opportunity presents multiple value-add angles, including rent increases, implementing RUBS, and separately metering the furnaces to shift utility costs to tenants. At $65,000 per door, the property is competitively priced with operational upside. 9481 Reading Rd. is ideal for investors looking to grow their portfolio in a strong rental submarket with reliable 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
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Listed by Keller Williams Advisors