3846 Reading Rd - Apartments FOR SALE


Cincinnati, OH 45229- North Avondale
$340,000 USD
513-745-9333
3846 Reading Rd, Cincinnati, OH for Sale
$340,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

3846 Reading Rd
Cincinnati, OH 45229
North Avondale


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$340,000 USD

PRICE/SF

$75 USD /SF

# OF UNITS

3

PRICE/UNIT

$113,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3846 Reading Road | 3 Unit Multifamily For Sa

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

110-0001-0073

ASK ABOUT THIS PROPERTY

Tryfon Christoforou3CRE Advisors, LLCMore Info
513-745-9333

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Tryfon Christoforou3CRE Advisors, LLCMore Info
513-745-9333

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