513-203-4647
7743 Reading Rd, Cincinnati, OH for Sale
Apartments - FOR SALE
1/11
null | Request Cap Rate

7743 Reading Rd
Cincinnati, OH 45237
Roselawn


HIGHLIGHTS

  • Income Upside – Additional revenue potential from utility and pet fees could add approximately $54K annually.
  • Below Market Rents – Current rents trail the market by about $172, offering room for increases.
  • Loss-to-Lease Opportunity – Investors can recapture 7.27% in loss-to-lease, equating to roughly $53K in income.
  • Prime Connectivity – Easy access to I-75, Ronald Reagan Hwy, Norwood Lateral, Montgomery Rd, and Reading Rd.
  • Major Capital Upgrades – Extensive improvements include new roofs, windows, plumbing, electrical, laundry rooms, and upgraded units.

OVERVIEW

CURO BRKG is pleased to present The Bloks, an 86-Unit apartment community located in Roselawn. The apartment complex features all studios units with a total of 21,500 rentable SQFT. Formerly a motel, this asset presents a compelling value-add opportunity for investors, with approximately $107K in additional income potential through utility and pet fee implementation, and loss-to-lease recapture. Current rents trail the competitive set by an average of $172 per unit, offering further upside through strategic lease adjustments. The properties have undergone extensive capital improvements, including full roof and window replacements, upgraded electrical and plumbing systems, and fully renovated units with modern finishes and appliances. Strategically located near major transportation arteries like I-75, Ronald Reagan Highway, and Montgomery Road, the assets benefit from excellent connectivity to key employment and commercial hubs. With stabilized operations and significant upside levers in place, this offering is well-positioned for strong near-term cash flow growth and long-term value creation.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

86

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bloks

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.62 AC

LAND SF

157,687 SF

ZONING

-

APN/PARCEL ID

117-0014-0210

ASK ABOUT THIS PROPERTY

Brian JohnstonCURO BRKGMore Info
513-203-4647

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Brian JohnstonCURO BRKGMore Info
513-203-4647

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.