3CRE is excited to introduce a multifamily opportunity at 3846 Reading Road, Cincinnati, OH 45229. This premier property features three large-footprint units, each offering 3 bedrooms and 1 bathroom. Fully occupied, it reflects stable tenancy with tenants on month-to-month leases, offering flexibility for new ownership.
The property sits on Reading Road, recently designated as a bus rapid transit corridor, enhancing accessibility and visibility. Surrounded by million-dollar homes, it benefits from a prestigious neighborhood ambiance. Located in North Avondale, the area is experiencing urban revitalization with new residential, dining, and retail spaces.
Each unit has its own private entrance. Tenants pay for electric and heating (with two furnaces), while the landlord covers water expenses. Rents average only $0.80 per square foot, presenting an opportunity for rental increases.
Zoned as 419 - "Other Commercial Housing," this property allows for both residential and commercial uses. It also offers potential for owner-occupancy.
3CRE is proud to present this property as an excellent investment opportunity to increase rental income and benefit from North Avondale's ongoing growth.