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325 Pike St 12 Unit Apartment Building $1,260,000 CAD ($105,000 CAD/Unit) 7.30% Cap Rate Reading, OH 45215
Executive Summary
The Bridal District in Reading, is North America’s largest bridal district and home to more than 44 different wedding-related businesses and services, all within a two-mile radius of each other. Centered on Benson Street, Reading plays host to thousands of brides to be brides each year from Cincinnati, Columbus, Indianapolis, Louisville, Lexington, and West Virginia. As one of the largest bridal shopping areas in the country, it offers an impressive array of bridal boutiques, formalwear shops, florists, photographers, and other wedding-related services. Established over 100 years ago, the district has grown into a vibrant hub for wedding preparations, with over 20 specialty shops located within a few blocks of each other.
Brides can find everything from designer wedding gowns and custom alterations to unique accessories and gifts. In addition to bridal attire, the district features vendors who offer wedding florals, catering, event planning, and even honeymoon packages. The walkable area is designed for easy browsing, allowing couples to visit multiple shops in one trip.
Brides can find everything from designer wedding gowns and custom alterations to unique accessories and gifts. In addition to bridal attire, the district features vendors who offer wedding florals, catering, event planning, and even honeymoon packages. The walkable area is designed for easy browsing, allowing couples to visit multiple shops in one trip.
Property Facts
| Price | $1,260,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $105,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.30% | Building Size | 10,861 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment |
| Price | $1,260,000 CAD |
| Price Per Unit | $105,000 CAD |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 10,861 SF |
| No. Stories | 3 |
| Year Built | 1965 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 11 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 671-0005-0216 | Improvements Assessment | $169,310 CAD |
| Land Assessment | $39,244 CAD | Total Assessment | $208,554 CAD |
Property Taxes
Parcel Number
671-0005-0216
Land Assessment
$39,244 CAD
Improvements Assessment
$169,310 CAD
Total Assessment
$208,554 CAD
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325 Pike St
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