9495 Reading Rd - Apartments FOR SALE


Cincinnati, OH 45215- Reading
$938,000 USD
513-935-0021
9495 Reading Rd, Cincinnati, OH for Sale
$938,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

9495 Reading Rd
Cincinnati, OH 45215
Reading


HIGHLIGHTS

  • 4 units across two buildings (12-unit + duplex) with diverse unit mix
  • Proforma rents of $13,200/month with value-add upside through RUBS and rent increases
  • Centrally located in Reading, a stable submarket with strong rental demand
  • Off-Street Parking

OVERVIEW

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 and grossing $9,175 per month, 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. This is a value-add opportunity with a clear path to increased returns through rent bumps and the implementation of RUBS. The proforma rent potential is $13,450 per month, representing significant upside at the current price of $67,000 per door. 9495 Reading Rd. is well-positioned for investors looking to scale their portfolio in a stable, infill submarket with strong rental demand.

FOR SALE DETAILS

PRICE

$938,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

14

PRICE/UNIT

$67,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

N/Av, Cincinnati

APN/PARCEL ID

671-0002-0188

ASK ABOUT THIS PROPERTY

Adam CurryKeller Williams Advisors RealtyMore Info
513-935-0021

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Adam CurryKeller Williams Advisors RealtyMore Info
513-935-0021

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