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$ 915,000
Est. payment | /mo
$ 915,000
Est. payment | /mo
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1850273
Year Built 1927
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
9495 Reading Rd. offers a 14-unit multifamily investment in the centrally located Reading neighborhood of Cincinnati. The property consists of a 12-unit building and a duplex, featuring a unit mix of 1 studio, 11 one-bedrooms, a two-bedroom, and a three-bedroom. With 13 of the 14 units currently occupied, this asset provides immediate income with room for growth. The 12-unit building is heated by a central boiler system, while all units are separately metered for electric. The proforma rent potential is $13,750 per month, representing significant upside at the current price of $65,357 per door. 9495 Reading Rd. is well-positioned for investors looking to scale their portfolio in a stable, infill submarket with strong rental demand.
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