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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
Reading, OH 45215