REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,150,000
Est. payment /mo
New
6011 Madison Rd Cincinnati, OH 45227
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1863812
Year Built 1925
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
Completely gutted in 2022, remodeled with a new addition in 2023 and 2024. Commercial Tenant, Dance Factory Fitness, is on the 1st floor with great financials. Has several years and options left on their lease with annual increases. The 2nd and 3rd floors contain 7 brand new apartments with high end amenities and over 1000/SF each with a dedicated parking spot, with a total of 12 Parking spots for the building. Located in the heart of Madisonville with many new shops and restaurants moving in/announced. Surrounded by many high-end neighborhoods in Cincinnati. Building has a LEED Silver 15 year CRA Tax Abatement. Building is in a Qualified Opportunity Zone and eligible for broad capital gain deferrals. Listed at a 7 CAP
Location
State OH
County Hamilton
Area Hamilton-E04
Rooms
Basement Full
Interior
Interior Features Security System, Intercom, Fire Sprinkler, 220 Volt, Storage Area
Heating Forced Air, Gas
Cooling Central Air
Fireplaces Type None
Window Features Aluminum,Double Hung,Wood
Exterior
Exterior Feature Deck, Yard Lights
Parking Features Carport
View Y/N Yes
Water Access Desc Public
View City
Roof Type Membrane,Wood
Building
Foundation Poured
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Schools
School District Cincinnati City Sd
Listed by Lou Park Realty