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5582 S Ridge Road, Madison, OH 44057

$450,000
  • 5582 S Ridge Road, Madison, OH 44057 Main Photo

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New to the Market Active
BEDS8 BATHS4 full MLS#5219929
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLMadison Local

Property Description

This property has been in the same family since 1905!!! Exceptional income-producing farm and multifamily investment opportunity situated on a total of 8.7159 acres of picturesque farmland! This unique property features a well-maintained triplex and a separate ranch home, offering multiple streams of rental income and endless possibilities for investors, owner-occupants, hobby farmers, or those seeking a rural retreat with cash flow potential. The triplex sits on 6.2172 acres and consists of three separate 2-bedroom, 1-bath units, each with its own private entrance. It is considered a Century Home. Unit 1 features private laundry, newer windows, and an enclosed porch. Units 2 and 3 share a common laundry area. Current rents include Unit 3 at $660/month and Unit 2 at $680/month, providing immediate income with additional upside potential. The separate 2-bedroom, 1-bath ranch home is situated on 2.4987 acres and includes its own septic system, creating excellent flexibility for owner occupancy, additional rental income, or multigenerational living. Current rent at $825/month. Outdoor improvements are extensive and include two poultry barns, a large two-story barn, a 3-car garage, a lean-to, and an additional barn equipped with 220-volt electric service and multiple outlets, making it ideal for a workshop, equipment storage, farming operations, small business use, or recreational hobbies. One barn is currently leased for storage at $265/month, adding another income source. Whether you're looking for a cash-flowing investment property, hobby farm, agricultural property, homestead, rental portfolio expansion, or income-producing acreage, this versatile property offers incredible potential. Opportunities like this are rare-schedule your private showing today!

5582 S Ridge Road | MLS# 5219929

This multi-family property located at 5582 S Ridge Road, Madison, OH 44057 is currently listed for sale with an asking price of $450,000. S Ridge Road is located within the Madison Local school district. Search Madison real estate on www.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: French Drain, Interior Entry, Unfinished, Walk-Out Access
Basement: Yes
Cooling: Ceiling Fan(s)
Garage: 3
Heating: Fireplace(s), Hot Water, Radiator(s), Steam
Lot Size: 8.72 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $3,382 / year
Year Built: 1959

Amenities

Built-in Features
Ceiling Fan(s)
High Ceilings
High Speed Internet
Primary Downstairs
Storage
Storage

Feature Descriptions

Community Features: Stable(s), Lake, Medical Service, Park, Restaurant, Shopping
Days on Site: 1
Exterior: Aluminum Siding, Brick, Vinyl Siding
Fireplace: Wood Burning
Laundry: Inside, Multiple Locations
Lot: Agricultural, Subdivided
Parcel#: 01-A-011-0-00-001-0
Parking: Additional Parking, Boat, Common, Detached, Garage
Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Septic Tank
Water: See Remarks, Shared Well

Local Schools

School District: Madison Local

Listed By / Shown By

Listed By

Agency Name: McDowell Homes Real Estate Services
Agency Contact: cloricedlugos@gmail.com, 440-812-2542

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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Estimated Payment

$ 2,930.26 per month $2,517.17 Principal & Interest $281.83 Property Tax $131.25 Homeowner's Insurance

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