Sold
Last Sold Price
542 Old State Rte 74, Cincinnati, OH 45244
Multi FamilyProperty Type
0.70 acresLot Size
1972Year Built
19 carsParking Spaces

Description

Wonderful & Super cared for 12 unit complex inside the I275 loop; great tenants! Owner has taken pride in ownership but is retiring. Great investment, great tenants, and great location!Wonderful & Super cared for 12 unit complex inside the I275 loop; great tenants! Owner has taken pride in ownership but is retiring. Great investment, great tenants, and great location!
  • Listed by: Danny C Jones 513.235.2151 djones@comey.com Brokerage DRE #2003003607 • Comey & Shepherd
Listing closed: 07/21/2011 12:00 AM • Source: MLS of Greater Cincinnati, MLS#: 1222236

Recent comparable sales

Median sold price

$380,000

Avg days on market

37

Sale-to-list ratio

98.3%

Cincinnati, OH

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Location

Listing Courtesy of Comey & Shepherd

Sold By Comey & Shepherd

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Payment Calculator

$2,572 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,906

Property Taxes

$666

HOA Dues

$0

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Property Information for 542 Old State Rte 74

Property Details
  • Taxes: $7,995 / year
  • MLS Type: Residential Income / Apartment
  • Subdivision Name: Mallard Run Apartments
  • Zoning: Commercial
  • Zoning Details: Commercial
Building Information
  • Building/Complex: 542 Old State Rte 74
  • Residences: 12
  • Year Built: 1972
Summary
Location and General Information
  • MLS Area Major: Clermont-C01
  • Area Short Name: C01
  • Cross Street: Mt Carmel Tabasco Rd.
  • Directions: From Newtown, 32 to R on Old State Route 74 (Batavia Pike)
  • FIPS Code: 25
  • Township: Union
Taxes and HOA
  • Has Association: No
  • Parcel Number: 41-32-13A-292
  • Semi Annual Taxes: 3997.50
  • Tax Rate: of record
School Information
  • High School District: West Clermont Local
  • School Name 1: Call SD 513-943-5000
  • School Type 1: District Phone
Parking
  • Open Parking Spaces: 19.0
  • Parking Features: Lot, Off Street
Property
Lot Information
  • Lot Area: 30623.0
  • Lot Size Acres: 0.703
  • Lot Size Dimensions: .703
  • Lot Size Square Feet: 30623.0
  • Lot Size Units: Acres
  • Miscellaneous: Coin Laundry, Cable TV, Smoke Alarm
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: 1972
Building Features
  • Foundation Details: Slab
  • Levels: Three+
  • Structure Type: Apartment 5+
  • Has Additional Dwelling Unit: No
  • Construction Materials: Brick
Utilities
  • Gas: Natural
  • Gas and Electric: 4164.0
  • Sewer: Public Sewer
  • Waste Removal: $759.00
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony
  • Roof: Composition
Interior Features
  • Appliance Include: Stoves, Fridges, gar disp, dishwashers
  • Basement: Crawl
  • Cooling: Central Air, Window Unit
  • Heating: Gas
  • Interior Features: 220 Volt
  • Separate Air Conditioner: Yes
  • Separate Air Conditioner: Yes
  • Separate Furnace: Yes
  • Separate Gas Electric: Yes
  • Separate Gas Electric: Yes
  • Window Features: Double Hung
Multi Family
Multi Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Gross Income: $69,586.00
  • Insurance Expense: $2,081.00
  • Maintenance Expense: $9,201.00
  • Net Operating Income: $35,473.00
  • New Taxes Expense: $7,995.00
  • Other Expense: $3,327.00
  • Water Sewer Expense: $2,012.00
Rental
Rent Information
  • 1 Bedroom Rent: $445.00
  • 1 Bedroom Sq Ft: 642
  • 1 Bedroom Units: 6
  • 2 Bedroom Rent: $524.00
  • 2 Bedroom Sq Ft: 772
  • 2 Bedroom Units: 5
  • Efficiency Rent: $360.00
  • Efficiency Sq Ft: 319
  • Efficiency Units: 1
  • Heat Paid: Owner
  • Occupancy: At Closing
  • Vacancy: $10,662.00
  • Water Paid: Owner
  • Has Lease Considered: No
  • Lease Information: One year lease
  • Sub Lease: No

Property History for 542 Old State Rte 74

DateEvent & SourcePriceAppreciation
Jul 21, 2011

Sold

MLS of Greater Cincinnati #1222236

$375,000
May 12, 2010

Listed (Active)

MLS of Greater Cincinnati #1222236

$450,000
DateEvent & SourcePrice
07/21/2011

Sold

MLS of Greater Cincinnati #1222236

$375,000
05/12/2010

Listed (Active)

MLS of Greater Cincinnati #1222236

$450,000

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

Schools near 542 Old State Rte 74

This home is within West Clermont Local School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Brantner Lane Elementary School
PublicPK to 5

West Clermont Middle School
Public6 to 8

West Clermont High School
Public9 to 12

St Veronica Elementary School
PrivatePK to 8

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 542 Old State Rte 74, Cincinnati, OH 45244
$375,000
30,623
$375,000
2
10,056
26,920
$85,100
1
1,126
7,405
$164,500
3
900
22,904
$65,750
2
900
20,909
3
2,068
16,553

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 Comey & Shepherd

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