4801 Madison Road

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Description

10 units 100% occupied with strong rental history. Convenient location between Redbank & Ridge, on Oakley Madisonville border. 9-1BR units and 1-2BR unit. Same owner for over 20 years. Meticulously maintained. New windows, new asphalt parking lot, new sidewalk, new roof. Savvy investors will take advantage of the below-market rents.10 units 100% occupied with strong rental history. Convenient location between Redbank & Ridge, on Oakley Madisonville border. 9-1BR units and 1-2BR unit. Same owner for over 20 years. Meticulously maintained. New windows, new asphalt parking lot, new sidewalk, new roof. Savvy investors will take advantage of the below-market rents.
  1. Listed by Jay Ashmore • Coldwell Banker Realty

Property Details for 4801 Madison Road

Zoning
Multi Family
Zoning Details
Multi Family
LISTING CLOSED: 06/07/2018 12:00 AM

Property Details for 4801 Madison Road

StatusSold
MLS #1575395
Days on Market6
Pet Policy-
Taxes$8,020 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1967
CountyHamilton County
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Building Information for 4801 Madison Road

Building/Complex4801 Madison RdFloor-Stories-Residences10Pet Policy-Pet Policy Details-Year Built1967Building Size-

Payment Calculator

$3,060 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,392

Property Taxes

$668

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4801 Madison Road

Summary
Location and General Information
  • MLS Area Major: Hamilton-E04
  • Area Short Name: E04
  • Cross Street: Oaklawn
  • Directions: On Madison between Redbank and Ridge.
  • FIPS Code: 61
  • Latitude: 39.16169
  • Longitude: -84.413017
Taxes and HOA
  • Has Association: No
  • Parcel Number: 051-0005-0049-00
  • Semi Annual Taxes: 4009.86
School Information
  • High School District: Cincinnati City SD
  • School Name 1: Call SD 513-363-0000
  • School Type 1: District Phone
Parking
  • Open Parking Spaces: 9.0
  • Parking Features: Lot
Property
Lot Information
  • Lot Size Acres: 0.233
  • Lot Size Dimensions: Irreg 58x115
  • Lot Size Square Feet: 10149.0
  • Lot Size Units: Acres
Property and Assessments
  • 3rd Party Approval Required: No
  • Annual Assessmnt Amount: of Record
  • Has Board Loaded: No
  • Degree Complete: Existing Structure
  • New Construction: No
  • Total Buildings: 1
  • Validated: Yes
  • Year Built: 1967
Building Features
  • Foundation Details: Block
  • Levels: Three+
  • Structure Type: Apartment 5+
  • Has Additional Dwelling Unit: No
  • Construction Materials: Brick
Utilities
  • Gas: Natural
  • Gas and Electric: 2205.0
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Roof: Membrane
Interior Features
  • Basement: Full
  • Cooling: Window Unit
  • Heating: Gas, Forced Air
  • Window Features: Vinyl
Multi Family
Multi Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Gross Income: $50,280.00
  • Insurance Expense: $2,146.00
  • Net Operating Income: $33,782.00
  • New Taxes Expense: $8,028.00
  • Water Sewer Expense: $4,119.00
Rental
Rent Information
  • 1 Bedroom Rent: $425.00
  • 1 Bedroom Units: 9
  • 2 Bedroom Rent: $485.00
  • 2 Bedroom Units: 1
  • Occupancy: At Closing
  • Has Lease Considered: No
  • Sub Lease: No

Property History for 4801 Madison Road

DateEvent & SourcePriceAppreciation
Jun 7, 2018

Sold

MLS of Greater Cincinnati #1575395

$480,000—
Apr 16, 2018

Listed (Active)

MLS of Greater Cincinnati #1575395

$495,000—
DateEvent & SourcePrice
06/07/2018

Sold

MLS of Greater Cincinnati #1575395

$480,000
04/16/2018

Listed (Active)

MLS of Greater Cincinnati #1575395

$495,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 4801 Madison Road

Taxable ValueLand$23,800Additions$88,599Total$112,399
Tax Record2025$9,344 ($779 / month)
Home Facts
Total Finished SqFt4,290 SqFtAbove Grade Finished SqFt4,290 SqFtStories2Lot Size10,149 SqFtStyleMulti-Family Res (5+ Units)Year Built1967CountyHAMILTONAPN051-0005-0049-00

Schools near 4801 Madison Road

This home is within Cincinnati Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 7
Public - 5 to 12
Public - 7 to 12
Public - 7 to 12
Rating
School
Distance
John P Parker Elementary School
PublicPK to 7

Gilbert A. Dater High School
Public5 to 12

Clark Montessori High School
Public7 to 12

Withrow University High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

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