$310,000
SOLD SEP 27, 2024

55 Gorman Ln Reading, OH 45215

-- Bed
-- Bath
2,432 Sq Ft
6,273 Sq Ft Lot

Recently Sold

$127 Per Sq Ft

2% Above List Price

37 Days on Market

About This Home

As of September 2024

Exceptional Investment Opportunity in Reading! Solid Brick Quad with (4) One Bedroom Units. The property is 2,432 square feet above grade. Lower level contain Tenant Storage, Laundry and a 4 car garage. Owner pays water, sewer, trash and common area gas and electric. Tenants pay for their own utilities.

Last Agent to Sell the Property

George Koesterman

Keller Williams Advisors License #2014000004 Listed on: 07/24/2024

Keller Williams Advisors

Last Buyer's Agent

Jonathan Price

Coldwell Banker Realty License #2018003625

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 6,273 Sq Ft Lot

Parking

  • 4 Car Attached Garage
  • 4 Open Parking Spaces
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,432 Sq Ft Home
  • 2-Story Property
  • Vinyl Clad Windows
  • Partial Basement

Utilities

  • Radiant Heating System
  • Separate Meters

Community Details

Amenities

  • Coin Laundry

Building Details

  • Maintenance Expense $13,192
  • Other Expense $5,170
  • Gross Income $31,718
  • Net Operating Income $5,252

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Parking

4

Listing Details

  • Suburb: Reading
  • Broker Approved: Yes
  • Miscellaneous: Coin Laundry
  • Basement Sq Ft: 484
  • Cooling: Window Unit
  • Heating: Radiant
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00
  • Suburb S I C: Reading
  • Annual Assessment Amount: 0
  • Price Per Acre: 2152777.78
  • Year Built: 1942
  • Appliance Include: Refrigerator, Stove/Oven, Window AC
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • Directions: Reading Road to Gahl, at the stop sign, turn right, the building is on your right hand side.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 4
  • Property Subtype 1: Multi Fam 2-4 units
  • StructureType: Quad
  • Occupancy: At Closing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Net Operating Income: 5252.00
  • Property Type: Residential Income
  • Separate Furnace: No
  • Gasand Electric: 5295
  • Heat Paid: Tenant
  • Reciprocal Listing: No
  • Semi Annual Taxes: of record
  • Water Paid: Owner
  • Basement: Partial
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Bldg Sq Ft (Realist): 2432.00
  • Windows: Vinyl
  • One Bedroom Rent: 700.00
  • One Bedroom Sq Ft: 600
  • One Bedroom Number of Units: 4

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 305000.00
  • Acres: 0.1440
  • New Construction: No

Garage/Parking

  • Garage: Attached, Rear
  • Garage Spaces: 4.00
  • Parking Spaces: 4
  • Parking: Lot, Garage, Onstreet

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 13192.00

Fee Information

  • Taxes: 2809

Schools

  • District: Reading Community Ci

Lot Info

  • Lot Size Sq Ft: 6273.00

Multi Family

  • Gross Income: 31718.00
  • Other Expense: 5170
  • Total Buildings: 1

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Sold $310,000 +1.6% $127 / Sq Ft
08/31/2024 08/31/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $305,000 0.0% $125 / Sq Ft
08/27/2024 08/27/24 Price Changed $305,000 +1.7% $125 / Sq Ft
07/30/2024 07/30/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $299,900 +26.0% $123 / Sq Ft
03/14/2022 03/14/22 Off Market $238,000 -- --
12/13/2021 12/13/21 Sold $238,000 -2.9% --
11/01/2021 11/01/21 Pending -- -- --
10/26/2021 10/26/21 For Sale -- -- --
10/10/2021 10/10/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $245,000 -- --
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • George Koesterman

    Seller's Agent in 2024

    George Koesterman

    Keller Williams Advisors

    (513) 633-4540

    4 in this area

    96 Total Sales

    George Koesterman
    Section Image

  • J

    Buyer's Agent in 2024

    Jonathan Price

    Coldwell Banker Realty

    Section Image

  • R

    Seller's Agent in 2021

    Ruth Flath

    Comey & Shepherd

    Section Image
  • Staci Shelby

    Buyer's Agent in 2021

    Staci Shelby

    Keller Williams Seven Hills Re

    (513) 703-5880

    4 in this area

    105 Total Sales

    Staci Shelby
    Section Image
See All Agents

Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1812183

MLS of Greater Cincinnati (CincyMLS)
Ohio Hamilton County Reading 45215

55 Gorman Ln, Reading, OH

This home is located at 55 Gorman Ln, Reading, OH 45215 and is currently priced at $310,000, approximately $127 per square foot. This property was built in 1942. 55 Gorman Ln is a home located in Hamilton County with nearby schools including Reading Community High School, Saints Peter and Paul Academy, and Mount Notre Dame High School.

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