BEDS0
BATHS
MLS#1885483
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLReading Community Ci
Property Description
Fully leased 4-unit all brick building generating $3,325/mo, with an upside potential of $3700+. Rare 4-family in this neighborhood featuring 2-bedroom units. Property offers ample off-street parking, on-site storage, and vendor-managed coin laundry. Recently renovated units boast hardwood / premium vinyl plank floors, updated counters, cabinets, and baths. Tenants pay electric and cooking gas. Owner pays central heat, water, and trash (total $484/mo on average). Unit A (2BR): $1025 month-to-month. Unit B (Studio): $600 long-term tenant thru 9/30/26. Unit C (2BR): $1000 thru 10/8/26. Unit D (Studio): $700 thru 3/20/27. Rents are below market. All appliances and ACs stay. Great investment opportunity with instant and long-term potential! See pdf file for a list of major repairs. Video walkthroughs available upon request.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Window Unit
Fireplaces: 0
Heating: Electric, Radiant, Gas, Hot Water
Lot Size: 0.14 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $4,708
Year Built: 1942
Units
Unit Type 1:
Bedrooms: 2
Full Bath(s): 1
Rent: $1025.00
Unit Type 2:
Bedrooms: 1
Full Bath(s): 1
Rent: $600.00
Unit Type 3:
Bedrooms: 2
Full Bath(s): 1
Rent: $1000.00
Unit Type 4:
Bedrooms: 1
Full Bath(s): 1
Rent: $700.00
Amenities
Storage Area
Feature Descriptions
Days on Site: 25
Exterior: Brick
Fireplace Features: None
Foundation: Block
Gas: Natural
Miscellaneous: Coin Laundry, Cable TV, Smoke Alarm
Parcel #: 671-0002-0127-00
Parking: Off Street
Sewer: Public Sewer
Total Buildings: 1
Units: 4
Water: Public
Window Features: Vinyl
Local Schools
School District: Reading Community Ci
Listed By / Shown By
Listed By
Agency Name: Ohio Property Group, LLC
Agent Name: Glen Whitten
Agency Phone: 419-790-3106
Shown By
Agent Name: Jim Hood
Agent Phone: (513) 201-7890
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 2,304.49 per month $1,817.40 Principal & Interest $392.33 Property Tax $94.76 Homeowner's Insurance
58 Gorman Lane | MLS# 1885483
This multi-family property located at 58 Gorman Lane, Reading, OH 45215 is currently listed for sale with an asking price of $324,900. Gorman Lane is located within the Reading Community Ci school district. Search Reading real estate on jameshood.ikeyrealty.com today.