21
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$365,000
Est. payment /mo
Price Dropped by $10K
54 Gorman Ln Reading, OH 45215
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Key Details
Property Type Multi-Family
Sub Type Multi Fam 2-4 units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1863715
Year Built 1942
Property Sub-Type Multi Fam 2-4 units
Source Cincinnati Multiple Listing Service
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.
Location
State OH
County Hamilton
Area Hamilton-E03
Zoning Residential,Multi Family
Rooms
Basement Full
Interior
Heating Radiant, Gas, Hot Water
Cooling Window Unit
Fireplaces Type None
Window Features Vinyl,Double Hung
Exterior
Parking Features Oversized, Built in
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Water Access Desc Public
Roof Type Shingle
Building
Foundation Poured
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Reading Community Ci
Others
Miscellaneous Coin Laundry,Smoke Alarm
Listed by Keller Williams Seven Hills Re
Nearby Locations
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