9481 Reading Road

Reading OH 45215

10106 sq. ft.

Apartment

Currently for sale - view listing

Overview

HIGHEST AND BEST OFFERS DUE THURSDAY-OCT 2 at 12PM. MAJOR PRICE IMPROVEMENT: 9481 Reading Rd. is a well-located 10-unit property in the heart of Cincinnati's Reading neighborhood. The mix of 6 studios, 2 one-bedrooms, and 2 two-bedrooms creates flexibility for renters and steady cash flow for ownership. One unit has been recently updated, giving a head start on value-add improvements. The building is heated by a central boiler and two furnaces, with utilities currently covered by the owneroffering an immediate opportunity to lower expenses by shifting costs through RUBS or separate metering. Additional upside remains through rent growth and continued unit upgrades. Priced at only $62,250 per door, this is a compelling entry point for investors looking to scale in a strong rental submarket with durable tenant demand.

Features

10 carspaces

10 open car spaces

10106 sq. ft. lot size

Apartment

Property history for 9481 Reading Road

2015

Sold

$200,000

19 Aug 2015 by Jeffrey Dilbone, of Investment Property Advisors

Happy sellers in Reading

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