54 Gorman Lane, Reading, OH 45215

$365,000
  • Main Photo
  • Main Photo
  • Main Photo

21 Total Photos [Click to View All]

Call TEXT TO ME Look Around Map Listing Print Share Email
Status - Active
0BEDS BATHS 1863715MLS# Reading Community CiSCHOOL

Home Value Estimate


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.

Features

  • Window Unit
  • 0 Fireplace
  • Radiant, Gas, Hot Water
  • 2.0 Stories
  • $5,504 Taxes
  • Public
  • Built in 1942

Login to My Homefinder

Pixel