6011 Madison Rd - Apartments FOR SALE


Cincinnati, OH 45227- Madisonville
$2,950,000 USD
513-505-9100
6011 Madison Rd, Cincinnati, OH for Sale
$2,950,000 USD
Apartments - FOR SALE
1/25
null | 7% Cap Rate

6011 Madison Rd
Cincinnati, OH 45227
Madisonville


OVERVIEW

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 2% annual increases. The 2nd and 3rd floor are 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 located in the Qualified Opportunity Zone and eligible for this program.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

7

PRICE/UNIT

$421,429

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

Form Based Code

APN/PARCEL ID

036-0003-0110

ASK ABOUT THIS PROPERTY

Peter CraftDawaher, Jiries T.More Info
513-505-9100

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Peter CraftDawaher, Jiries T.More Info
513-505-9100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.