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$ 890,000
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325 Pike St Reading, OH 45215
10,585 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1880736
Year Built 1965
Lot Size 10,585 Sqft
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property 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.
Location
State OH
County Hamilton
Area Hamilton-E03
Rooms
Basement None
Interior
Heating Gas, Hot Water
Cooling Window Unit, Wall Unit
Fireplaces Type None
Window Features Vinyl
Exterior
Parking Features None
Garage Spaces 12.0
Garage Description 12.0
View Y/N No
Water Access Desc Public
Roof Type Membrane
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Reading Community Ci
Listed by Keller Williams Advisors
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