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The Bloks 7743 Reading Rd 86 Unit Apartment Building For Sale Cincinnati, OH 45237
INVESTMENT HIGHLIGHTS
- Income Upside – Additional revenue potential from utility and pet fees could add approximately $54K annually.
- Loss-to-Lease Opportunity – Investors can recapture 7.27% in loss-to-lease, equating to roughly $53K in income.
- Major Capital Upgrades – Extensive improvements include new roofs, windows, plumbing, electrical, laundry rooms, and upgraded units.
- Below Market Rents – Current rents trail the market by about $172, offering room for increases.
- Prime Connectivity – Easy access to I-75, Ronald Reagan Hwy, Norwood Lateral, Montgomery Rd, and Reading Rd.
EXECUTIVE SUMMARY
CURO BRKG is pleased to present The Bloks, an 86-Unit community located in Roselawn. The complex features all studio units with a total of 21,500 rentable SQFT. This asset presents a compelling value-add opportunity for investors, with approximately $107K in additional income potential through utility and pet fee implementation, and loss-to-lease recapture. Current rents trail the competitive set by an average of $172 per unit, offering further upside through strategic lease adjustments. The properties have undergone extensive capital improvements, including full roof and window replacements, upgraded electrical and plumbing systems, and fully renovated units with modern finishes and appliances. Strategically located near major transportation arteries like I-75, Ronald Reagan Highway, and Montgomery Road, the assets benefit from excellent connectivity to key employment and commercial hubs. With stabilized operations and significant upside levers in place, this offering is well-positioned for strong near-term cash flow growth and long-term value creation.
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 86 | Lot Size | 3.62 AC |
| Property Type | Multifamily | Building Size | 51,500 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1947/2024 |
| Zoning | CCA - Designed to accommodate small- to medium-scale commercial development that serves the surrounding residential neighborhoods. | ||
| Sale Type | Investment |
| No. Units | 86 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.62 AC |
| Building Size | 51,500 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2024 |
| Zoning | CCA - Designed to accommodate small- to medium-scale commercial development that serves the surrounding residential neighborhoods. |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Built-In Bookshelves
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 86 | - | 250 |
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PROPERTY TAXES
| Parcel Number | 117-0014-0210 | Improvements Assessment | $796,187 |
| Land Assessment | $101,112 | Total Assessment | $897,299 |
PROPERTY TAXES
Parcel Number
117-0014-0210
Land Assessment
$101,112
Improvements Assessment
$796,187
Total Assessment
$897,299
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The Bloks | 7743 Reading Rd
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