16
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$650,000
Est. payment /mo
10,105 Sqft Lot
Active
9481 Reading Rd Reading, OH 45215
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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
Listed by Keller Williams Advisors
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