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The Bloks 7743 Reading Rd 86 Unit Apartment Building $5,176,207 CAD ($60,188 CAD/Unit) 9.90% Cap Rate Cincinnati, OH 45237
Investment Highlights
- All 86 units are turn key remodels
- New Electrical and plumbing systems throughout the property
- New Roof, Gutters and Downspouts on Exterior
Executive Summary
Ellsbury Group is pleased to present The Bloks – an exceptional
86-unit investment opportunity located in the Roselawn
neighborhood of Cincinnati. Priced aggressively at $3,799,999
($44,186 per unit), this asset represents a strong addition to any
multifamily portfolio.
This turnkey opportunity consists of 86 fully remodeled studio
apartments, totaling over 30,000 rentable square feet across
four buildings situated on a spacious 3.6-acre site.
Originally built in 1947, the property underwent a comprehensive
interior and exterior renovation in 2023, delivering modern,
efficient living spaces while maintaining a quiet residential
character throughout the community. Its location offers strong
tenant appeal with convenient access to major highways,
including I-75.
Overall, The Bloks presents a rare opportunity to acquire a
stabilized, turnkey asset with immediate operational efficiency,
while also offering upside potential through proactive
management and future rent optimization.
86-unit investment opportunity located in the Roselawn
neighborhood of Cincinnati. Priced aggressively at $3,799,999
($44,186 per unit), this asset represents a strong addition to any
multifamily portfolio.
This turnkey opportunity consists of 86 fully remodeled studio
apartments, totaling over 30,000 rentable square feet across
four buildings situated on a spacious 3.6-acre site.
Originally built in 1947, the property underwent a comprehensive
interior and exterior renovation in 2023, delivering modern,
efficient living spaces while maintaining a quiet residential
character throughout the community. Its location offers strong
tenant appeal with convenient access to major highways,
including I-75.
Overall, The Bloks presents a rare opportunity to acquire a
stabilized, turnkey asset with immediate operational efficiency,
while also offering upside potential through proactive
management and future rent optimization.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,176,207 CAD | Apartment Style | Garden |
| Price Per Unit | $60,188 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.62 AC |
| Cap Rate | 9.90% | Building Size | 30,000 SF |
| No. Units | 86 | Average Occupancy | 85% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1947/2024 |
| Zoning | CCA - Designed to accommodate small- to medium-scale commercial development that serves the surrounding residential neighborhoods. | ||
| Price | $5,176,207 CAD |
| Price Per Unit | $60,188 CAD |
| Sale Type | Investment |
| Cap Rate | 9.90% |
| No. Units | 86 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.62 AC |
| Building Size | 30,000 SF |
| Average Occupancy | 85% |
| 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 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 117-0014-0210 | Improvements Assessment | $1,084,534 CAD |
| Land Assessment | $137,731 CAD | Total Assessment | $1,222,265 CAD |
Property Taxes
Parcel Number
117-0014-0210
Land Assessment
$137,731 CAD
Improvements Assessment
$1,084,534 CAD
Total Assessment
$1,222,265 CAD
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The Bloks | 7743 Reading Rd
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