325 Pike Street Reading, OH 45215

PRICED AT $890,000

Listing Details

  • $890,000
  • MLS# 1880736
  • Type Multi Unit - Multiple
  • Status Active
  • 0.243 acres Lot Size
  • 1965 Year Built
  • Reading Community Ci Local Schools

Description

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.

Features

  • Window Unit, Wall Unit
  • 0 Fireplace
  • Gas, Hot Water
  • $12,280 Taxes
  • Public
  • Built in 1965
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: None
  • Cooling: Window Unit, Wall Unit
  • Days on Site: 9
  • Exterior: Brick
  • Fireplace Features: None
  • Fireplaces: 0
  • Foundation: Slab
  • Garage: 12
  • Gas: Natural
  • Heating: Gas, Hot Water
  • Lot Size: 0.24 Acres
  • Parcel #: 671-0005-0216-00
  • Parking: Lot, Concrete, Off Street, Onstreet
  • Roof Type: Membrane
  • Sewer: Public Sewer
  • Taxes: $12,280
  • Total Buildings: 1
  • Units: 12
  • Water: Public
  • Window Features: Vinyl
  • Year Built: 1965