7743 Reading Rd | Cincinnati, OH 45237
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7743 Reading Rd
Cincinnati, OH 45237
The Bloks · Multifamily Property For Sale
·
86 Units
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.
Property Facts
| 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 |
| Building Class | C | ||
| Zoning | CCA - Designed to accommodate small- to medium-scale commercial development that serves the surrounding residential neighborhoods. | ||
| 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 |
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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