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3636 Reading Rd 4 Unit Apartment Building $349,000 ($87,250/Unit) 7.42% Cap Rate Cincinnati, OH 45229
Executive Summary
Stabilized four family in the heart of Avondale! New windows, new electric, new plumbing, new flooring, new kitchens/bathrooms (2020), and new sewer line (2023)! Next to recreation center and on bus line! Unit mix: Two 1bdrm's ($825), One 2bdrm ($1,100), One 3bdrm ($1,325). Currently 75% occupied!
Property Facts
| Price | $349,000 | Building Class | C |
| Price Per Unit | $87,250 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,752 SF |
| Cap Rate | 7.42% | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2020 |
| Property Subtype | Apartment | ||
| Zoning | MF - Multifamily | ||
| Price | $349,000 |
| Price Per Unit | $87,250 |
| Sale Type | Investment |
| Cap Rate | 7.42% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,752 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2020 |
| Zoning | MF - Multifamily |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 108-0004-0010 | Improvements Assessment | $40,306 |
| Land Assessment | $882 | Total Assessment | $41,188 |
Property Taxes
Parcel Number
108-0004-0010
Land Assessment
$882
Improvements Assessment
$40,306
Total Assessment
$41,188
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3636 Reading Rd
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