325 Pike St - Apartments FOR SALE


Reading, OH 45215
$949,500 USD
325 Pike St, Reading, OH for Sale
$949,500 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

325 Pike St
Reading, OH 45215


HIGHLIGHTS

  • Prime Location: Situated in Reading, right next to the Bridal District.
  • Income Growth Potential: Room to increase rents and implement a utility bill-back fee.
  • Surface Lot Parking: 13 dedicated parking spaces, plus street parking.
  • Tenant-Paid Utilities: Separate electric, reducing owner expenses.

OVERVIEW

12-unit property in Reading, located right next to the Bridal District. This solidly built building features a rubber roof, boiler heat, and separate electric. The unit mix includes 11 one-bedrooms and 1 studio, with room to increase rents across the board. Three vacancies offer immediate upside potential. The property includes a paved parking lot with 13 spaces, plus additional street parking. A turnkey investment opportunity with strong rental demand and value-add potential.

FOR SALE DETAILS

PRICE

$949,500 USD

PRICE/SF

$87 USD /SF

# OF UNITS

12

PRICE/UNIT

$79,125

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BRIDAL DISTRICT 12-UNIT IN READING

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,792 SF

ZONING

-

APN/PARCEL ID

671-0005-0216

ASK ABOUT THIS PROPERTY

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.