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. Unit 1 features private laundry, newer windows, and an enclosed porch. Units 2 and 3 share a common laundry area. Current rents include Unit 2 at $660/month and Unit 3 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!
Listed By
Agency Name: McDowell Homes Real Estate Services
Agency Contact: cloricedlugos@gmail.com, 440-812-2542
Shown By
Agency Title: Mosholder Realty
Agency Phone: 330-633-5536
Estimated Payment
$ 2,583.05 per month $2,169.97 Principal & Interest $281.83 Property Tax $131.25 Homeowner's Insurance
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.mosholder.com today.