BEDS0
BATHS
MLS#1863715
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLReading Community Ci
Property Description
Well-maintained 4-unit multifamily featuring four identical 1-bedroom units, all currently occupied on month-to-month leases. Current signed rents total $4,000/month ($48,000 annually), offering a stabilized investment at approximately a 9% cap rate at current pricing. The property has been updated over time and provides a strong income-producing opportunity with flexibility for future operational adjustments. Includes coin-operated laundry and shared rear driveway. Ideal for investors seeking immediate cash flow.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Window Unit
Fireplaces: 0
Garage: 4
Heating: Radiant, Gas, Hot Water
Roof Type: Shingle
Stories: 2.0
Taxes: $5,504
Year Built: 1942
Units
Unit Type 1:
Bedrooms: 1
Full Bath(s): 1
Rent: $1150.00
Unit Type 2:
Bedrooms: 1
Full Bath(s): 1
Rent: $950.00
Unit Type 3:
Bedrooms: 1
Full Bath(s): 1
Rent: $900.00
Unit Type 4:
Bedrooms: 1
Full Bath(s): 1
Rent: $1000.00
Feature Descriptions
Days on Site: 95
Exterior: Brick
Fireplace Features: None
Foundation: Poured
Gas: None
Miscellaneous: Coin Laundry, Smoke Alarm
Parcel #: 6710002007300
Parking: Lot, Off Street, Driveway, Private
Sewer: Public Sewer
Total Buildings: 1
Units: 4
Water: Public
Window Features: Vinyl, Double Hung
Local Schools
School District: Reading Community Ci
Listed By / Shown By
Listed By
Agency Name: Keller Williams Seven Hills Re
Agency Phone: 513-371-5070
Agent Name: Alex Stroud
Shown By
Agent Name: Mike Hand
Agent Phone: (419) 705-5774
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 2,606.83 per month $2,041.71 Principal & Interest $458.67 Property Tax $106.46 Homeowner's Insurance
54 Gorman Lane | MLS# 1863715
This multi-family property located at 54 Gorman Lane, Reading, OH 45215 is currently listed for sale with an asking price of $365,000. Gorman Lane is located within the Reading Community Ci school district. Search Reading real estate on michaelhand.ikeyrealty.com today.