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4821 Reading Rd
Cincinnati, OH 45237
The Carlton Apartments · Multifamily Property For Sale
·
41 Units
PROPERTY FACTS
| No. Units | 41 | Building Size | 31,043 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 1.69 AC | ||
| Zoning | RM-1.2 | ||
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.69 AC |
| Building Size | 31,043 SF |
| Average Occupancy | 98% |
| No. Stories | 5 |
| Year Built | 1962 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | RM-1.2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Elevator
- Smoke Detector
ABOUT 4821 READING RD , CINCINNATI, OH 45237
Capstone Apartment Partners is pleased to present The Carlton Apartments: 41-unit stabilized asset with approximately 50% Section 8 vouchers. Located in an opportunity zone, this value-add property is ideally situated in the Bond Hill/Roselawn submarket of Cincinnati, OH. Constructed between 1912 and 1962, The Carlton Apartments consist of a mix of efficiency, one-, two-, and four-bedroom garden-style apartment units. The property is comprised of four apartment buildings and one two-family building. The Carlton Apartments provide investors with the opportunity to acquire a stabilized, cash-flowing asset with immediate value-add upside. The asset is exceptionally positioned with immediate access to I-71 and I-75; thus, providing convenient access to downtown Cincinnati and major employers. Supported by solid management, continuous capital expenditures, and community revitalization efforts, this opportunity provides the basis to implement a value-add program while also enjoying in-place robust cash flow.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $625.00 | 425 |
| 1+1 | 26 | $681.00 | 659 - 667 |
| 2+1 | 3 | $799.00 | 1,014 |
| 2+2 | 8 | $799.00 | 1,008 |
| 4+1 | 1 | $1,300 | 1,527 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $838,311 | |
| Land Assessment | $71,692 | Total Assessment | $910,003 |
PROPERTY TAXES
