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9495 Reading Rd 14 Unit Apartment Building $871,500 ($62,250/Unit) Cincinnati, OH 45215
INVESTMENT HIGHLIGHTS
- 4 units across two buildings (12-unit + duplex) with diverse unit mix
- Centrally located in Reading, a stable submarket with strong rental demand
- Proforma rents of $13,200/month with value-add upside through RUBS and rent increases
- Off-Street Parking
EXECUTIVE SUMMARY
Price Improvement! 9495 Reading Rd. offers a 14-unit multifamily investment in the centrally located Reading neighborhood of Cincinnati. The property includes a 12-unit building and a duplex with a mix of 1 studio, 11 one-bedrooms, 1 two-bedroom, and 1 three-bedroom. The last vacant unit was fully renovated, ensuring all units are rent-ready. The 12-unit building is heated by a central boiler system, while all units are separately metered for electric. At pro forma, the property can generate $13,750 per month, equating to just $62,250 per door. Well-positioned in a stable submarket with strong rental demand, 9495 Reading Rd. is an ideal addition for investors looking to scale their portfolio.
PROPERTY FACTS Under Contract
| Price | $871,500 | Building Class | C |
| Price Per Unit | $62,250 | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 2,422 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1964 |
| Apartment Style | Low-Rise | Parking Ratio | 5.78/1,000 SF |
| Zoning | N/Av, Cincinnati | ||
| Price | $871,500 |
| Price Per Unit | $62,250 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 2,422 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 5.78/1,000 SF |
| Zoning | N/Av, Cincinnati |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 11 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 671-0002-0188 | Improvements Assessment | $137,991 |
| Land Assessment | $37,790 | Total Assessment | $175,781 |
PROPERTY TAXES
Parcel Number
671-0002-0188
Land Assessment
$37,790
Improvements Assessment
$137,991
Total Assessment
$175,781
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9495 Reading Rd
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