9481 Reading Rd - Apartments FOR SALE


Cincinnati, OH 45215- Reading
$622,500 USD
513-935-0021
9481 Reading Rd, Cincinnati, OH for Sale
$622,500 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

9481 Reading Rd
Cincinnati, OH 45215
Reading


HIGHLIGHTS

  • 10 units with a mix of 6 studios, 2 one-beds, and 2 two-beds
  • Current monthly income: $7,975 with proforma rents of $9,375
  • Central boiler and two furnaces (owner-paid heat)
  • Value-add potential through RUBS, rent increases, and furnace metering

OVERVIEW

MAJOR PRICE IMPROVEMENT: 9481 Reading Rd. is a well-located 10-unit property in the heart of Cincinnati’s Reading neighborhood. The mix of 6 studios, 2 one-bedrooms, and 2 two-bedrooms creates flexibility for renters and steady cash flow for ownership. One unit has been recently updated, giving a head start on value-add improvements. The building is heated by a central boiler and two furnaces, with utilities currently covered by the owner—offering an immediate opportunity to lower expenses by shifting costs through RUBS or separate metering. Additional upside remains through rent growth and continued unit upgrades. Priced at only $62,250 per door, this is a compelling entry point for investors looking to scale in a strong rental submarket with durable tenant demand.

FOR SALE DETAILS

PRICE

$622,500 USD

PRICE/SF

$108 USD /SF

# OF UNITS

10

PRICE/UNIT

$62,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

671-0002-0031

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 Notice.