NOT LISTED FOR SALE

64 Gorman Ln Cincinnati, OH 45215

4 Beds
4 Baths
-- Sq Ft
6,316 Sq Ft Lot

Last Sold August 07, 2024

Last sale price $290,000

3 Days on Market

About This Home

As of August 2024

Amazing Investment Opportunity in Reading! Solid Brick Quad with (2) Two Bedroom Units and (2) Studio Units. Current rents are below market with room to grow. The property has 2,432 square feet above grade. Lower level contains tenant storage, Co-Op Laundry, and a 4 car garage. Owner pays water, sewer, trash and common area gas & electric. Tenants pay for their own gas and electric.

Last Agent to Sell the Property

George Koesterman

Keller Williams Advisors License #2014000004 Listed on: 06/24/2024

Keller Williams Advisors

Last Buyer's Agent

Cameron Gunnels

Gunnels Realty, Inc. License #2020007362

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 6,316 Sq Ft Lot

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Lot
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Insulated Windows
  • Storage
  • Partial Basement

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Radiant Heating System

Community Details

Amenities

  • Coin Laundry

Building Details

  • Insurance Expense $3,820
  • Maintenance Expense $6,131
  • Other Expense $196
  • Water Sewer Expense $2,060
  • Gross Income $36,360
  • Net Operating Income $7,858

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
  • Census Tract Realist: 232.10
  • Cooling: Window Unit
  • Heating: Gas, Radiant
  • Lot Area Realist: 6316.00
  • Suburb S I C: Reading
  • Price Per Acre: 2000000.00
  • Year Built: 1942
  • Directions: Reading Road to Gahl Terrace, Turn Right on to Gorman Lane. Reading Road to E. North Street, Turn Left on to Gorman Lane.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 4
  • Property Subtype 1: Multi Fam 2-4 units
  • StructureType: Quad
  • Occupancy: At Closing
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Storage Area
  • Net Operating Income: 7858.00
  • Property Type: Residential Income
  • Vacancy: 8400
  • Gasand Electric: 2484
  • Other Features: Busline Near
  • Reciprocal Listing: No
  • Semi Annual Taxes: of record
  • Waste Removal: 703
  • Basement: Partial
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Windows: Insulated
  • Two Bedroom Rent: 795.00
  • Two Bedroom Units: 2

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 299900.00
  • Acres: 0.1450
  • New Construction: No

Garage/Parking

  • Garage: Built in,Rear
  • Garage Spaces: 4.00
  • Parking Spaces: 4
  • Parking: Lot, Off Street

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 2060

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 6131.00

Fee Information

  • Taxes: 4708

Schools

  • District: Reading Community Ci

Lot Info

  • Lot Size Sq Ft: 6316.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Efficiency Rent: 700.00
  • Efficiency Units: 2
  • Gross Income: 36360.00
  • Other Expense: 196
  • Total Buildings: 1
  • Insurance: 3820.00
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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 List to Sale Price per Sq Ft
08/07/2024 08/07/24 Sold $290,000 -3.3% --
06/28/2024 06/28/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $299,900 -- --
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,709 $56,361 $9,240 $47,121
2024 $4,699 $56,361 $9,240 $47,121
2023 $4,708 $56,361 $9,240 $47,121
2022 $3,886 $40,068 $8,904 $31,164
2021 $3,497 $40,068 $8,904 $31,164
2020 $3,464 $40,068 $8,904 $31,164
2019 $3,494 $37,800 $8,400 $29,400
2018 $3,506 $37,800 $8,400 $29,400
2017 $3,416 $37,800 $8,400 $29,400
2016 $2,491 $27,507 $11,592 $15,915
2015 $2,474 $27,507 $11,592 $15,915
2014 $2,257 $27,507 $11,592 $15,915
2013 $2,417 $29,897 $12,600 $17,297
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1808747

MLS of Greater Cincinnati (CincyMLS)