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Buy a multi-family propertyat 3337 Reading Rd, Cincinnati, OH 45229

$399,000

$425,000 (-6.12%)

$0/mo

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Multifamily

3,105 Sq. Ft.

4,312 Sq. Ft. lot

417 Days on market

1765025 MLS ID

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About 3337 Reading Rd multi-family property

Get in on the booming Avondale market.10 unit-been vacated and demoed, some rehab started.4725 rentable SF. Potential 98k gross and $48k net income. After renovation appraised value of $600k. Great location half mile from 3 major hospitals and Uptown Innovation Corridor attracting tech companies to the neighborhood. Assumable mortgage for qualified purchaser of $324,700 at 4.5% amortized at 25 yr, balloon at 5 yr 46 months remaining until balloon is due.
Get in on the booming Avondale market.10 unit-been vacated and demoed, some rehab started.4725 rentable SF. Potential 98k gross and $48k net income. After renovation appraised value of $600k. Great location half mile from 3 major hospitals and Uptown Innovation Corridor attracting tech companies to the neighborhood. Assumable mortgage for qualified purchaser of $324,700 at 4.5% amortized at 25 yr, balloon at 5 yr 46 months remaining until balloon is due.

Property details

Basement

Basement: "Partial"

House

Construction Materials: "Brick"

Living Area: 3105

1 Building

10 Units Total

Property Sub Type: Multi Family

Year Built: 1916

Cooling

Cooling: "Window Unit(s)"

Disclosures

Disclaimer: Information has not been verified, is not guaranteed and subject to change.

Expenses

Insurance Expense: $3,100

Maintenance Expense: $7,500

Other Expense: 4630

Water Sewer Expense: $4,668

Fireplaces

Fireplace Features: "Decorative"

Foundation

Foundation Details: "Poured"

Heating

Heating: "Natural Gas", "Radiant", "Hot Water"

Income

Gross Income: $98,520

Net Operating Income: $48,139

Listing

Contract Status Change Date: 2023-06-12

109 cumulative days on market:

109 days on market:

Expiration Date: 2023-08-28

List Price: $399,000

Listing Contract Date: 2023-02-28

On Market Date: 2023-02-28

Original Entry Timestamp: 2023-03-02 05:00:00

Original List Price: $499,000

Price Change Timestamp: 2023-05-30 17:24:12

Purchase Contract Date: 2023-06-07

Standard Status: Active

Location

City: Cincinnati

County Or Parish: Hamilton

Postal Code: 45229

State Or Province: OH

Lot

Lot Size Acres: 0.099

Lot Size Area: 4312

Lot Size Dimensions: 51x110

Lot Size Square Feet: 4312

Owner Pays

Owner Pays: "Heating", "Water"

Parking

Open Parking Spaces: 3

Open Parking

Parking Features: "None", "On Street", "Driveway"

Possession

Possession: "Close Of Escrow"

Property

Parcel Number: 106-0003-0060-00

Roof

Roof: "Shingle"

Schools

High School District: Cincinnati City SD

Sewer

Sewer: "Public Sewer"

Taxes

New Taxes Expense: $15,233

Tax Annual Amount: $2,488

Utilities

Utilities: "Separate Meters"

Water Source: "Public"

Windows

Window Features: "Wood Frames", "Double Hung", "Vinyl Window(s)"

Monthly cost

Estimated monthly cost

$2,809/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$375,060

+$11,970

$387,030

Seller agent commission$11,970 (3%)*

$0 (0%)

Buyer agent commission$11,970 (3%)*

$11,970 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $11,970 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:40 p.m.

Data updated: Jun 21, 2023 at 8:17 p.m.

Courtesy of Keller Williams Advisors, (missing listing office phone) and Adam Sanregret, (missing agent phone). This data is up-to-date as of 06/21/2023
The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the MLS of Greater Cincinnati, Inc. Real estate listings held by other brokerage firms other than Abode Technologies, Inc. are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity. 222 W Merchandise Mart Plaza #1212, Chicago, IL 60654 does not display the entire Cincinnati MLS Broker Reciprocity database on this web site. The listings of some real estate brokerage firms have been excluded. The broker providing this data believes it to be correct, but advises interested parties to confirm all information before relying on it in a purchase decision.
Listing Information © 2024 MLS of Greater Cincinnati, Inc. All Rights Reserved.

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