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$890,000

325 Pike Street, Reading, OH 45215

0.24 acres lot
Residential Income
Built in 1965
0.24 acres
26 days on market
MLS# 1880736

About this home

Located adjacent to Reading's Bridal District, this 12-unit multifamily property offers stable cash flow with significant upside potential. The unit mix consists of 11 one-bedroom units and 1 studio. Currently, 11 of 12 units are occupied, with potential gross monthly income of $10,140 at full occupancy. The property features a high-efficiency boiler heating system, window unit AC, and a paved 13-space parking lot. An implemented RUBS program helps offset owner utility expenses. Significant upside remains through rent increases to market rates.

Facts & features

Property

Property Type
Residential Income
Year Built
1965
Lot Size
0.24 acres

Listing details

Price
$890,000
Status
Off Market
Days on Market
26
MLS Number
1880736
Listing Agent
Andrew Kroeger
Brokerage
Keller Williams Advisors

Features

Style
Apartment
Garage Spaces
12
Heating
Natural Gas, Hot Water
Cooling
Window Unit(s)
Roof
Membrane
Sewer
Public Sewer
Water
Public

Location

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