BEDS0
BATHS
MLS#1880736
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLReading Community Ci
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Cooling: Window Unit, Wall Unit
Fireplaces: 0
Garage: 12
Heating: Gas, Hot Water
Lot Size: 0.24 Acres
Roof Type: Membrane
Taxes: $12,280
Year Built: 1965
Feature Descriptions
Exterior: Brick
Fireplace Features: None
Foundation: Slab
Gas: Natural
Parcel #: 671-0005-0216-00
Parking: Lot, Concrete, Off Street, Onstreet
Sewer: Public Sewer
Total Buildings: 1
Units: 12
Water: Public
Window Features: Vinyl
Local Schools
School District: Reading Community Ci
Listed By / Shown By
Listed By
Agency Name: Keller Williams Advisors
Agent Name: Andrew Kroeger
Agency Phone: 513-766-9200
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 6,261.32 per month $4,978.41 Principal & Interest $1,023.33 Property Tax $259.58 Homeowner's Insurance
325 Pike Street | MLS# 1880736
This multi-family property located at 325 Pike Street, Reading, OH 45215 is currently listed for sale with an asking price of $890,000. Pike Street is located within the Reading Community Ci school district. Search Reading real estate on www.ikeyrealty.com today.