Listing ID1945836
Price$975,000
StatusOffer-Show
Acres
0.240
CountyDane
Property TypeMulti-Family
Property Sub TypeApartment building
Listing Agent
Carlos Alvarado
Title:
Principal Broker
Address:
1914 Monroe St
City:
Madison
State/Province:
Wisconsin
Zipcode:
53711
Cell Phone: 608.438.6757
This is a great opportunity to start an income property portfolio with these 4 residential two bedrooms and 2 commercial units. Located on the East side of Madison near Monona with easy access to main roads. Recently renovated, each residential unit has two bedrooms, one bathroom, and a combined dining and living room. Sellers installed new laminate floors, kitchen, and bathroom cabinets in all the units in 2021. The roof was replaced in 2021. Plenty of parking. The property generates great income and is easy to rent. The financials spreadsheet is available upon request.
County
Dane
photo Count
2
Property Sub Type
Apartment building
Zoning
CC-T
Basement
None
Dish Washers
4
Dryers
1
Heating Fuel
Natural Gas
Heating Type
Forced air
Number of 1 Bedrooms
2
Number of 2 Bedrooms
4
Refrigerators
4
Stoves
4
Unit 1 Bedrooms
2
Unit 1 Full Baths
1
Unit 1 SqFt
771
Unit 2 Bedrooms
2
Unit 2 Full Baths
1
Unit 2 SqFt
771
Unit 3 Bedrooms
2
Unit 3 Full Baths
1
Unit 3 SqFt
771
Unit 4 Bedrooms
2
Unit 4 Full Baths
1
Unit 4 SqFt
771
Units with Air Conditioning
6
Washers
1
Water Heaters
1
Water Softeners
1
Exterior
Brick, Stucco, Vinyl, Wood
Park/Unit
Outside
Source of Estimated Acres
Assessor
Unit 1 Parking
2 Space
Unit 2 Parking
2 Space
Unit 3 Parking
None
Unit 4 Parking
None
City/Town/Village
City
County Quarter Section
East Metro Madison
Elementary School
Allis
High School
Lafollette
Location
MADISON - C E13
Mailing City
Madison
Middle School
Sennett
School District
Madison
Items Excluded
tenants' and sellers' personal property. Main floor washer & dryer.
Items Included
4 refrigerators, 4 range/stoves, 4 disposals, 4 microwaves, 4 dishwashers, water softener, coin operated washer & dryer
Miscellaneous
Shared laundry, Water Softener Owned, Internet - Cable
MLS Number
1945836
Number of Units
6
Source of Year Built
Assessor
Status
Active
Status Detail
4
Water/Waste
Municipal sewer, Municipal water
Year Built
1973
Net Operating Income
68887
Net Taxes
14791
Tax Year
2021
Total Expenses
21453
Total Income
90340
Unit 1 Landlord Pays Electric
No
Unit 1 Landlord Pays Heat
Yes
Unit 1 Landlord Pays Water/Sewer
Yes
Unit 1 Monthly Rent
1100
Unit 2 Landlord Pays Electric
No
Unit 2 Landlord Pays Heat
Yes
Unit 2 Landlord Pays Water/Sewer
Yes
Unit 2 Month Rent
1100
Unit 3 Landlord Pays Electric
No
Unit 3 Landlord Pays Heat
Yes
Unit 3 Landlord Pays Water/Sewer
Yes
Unit 3 Monthly Rent
1070
Unit 4 Landlord Pays Electric
No
Unit 4 Landlord Pays Heat
Yes
Unit 4 Landlord Pays Water/Sewer
Yes
Unit 4 Monthly Rent
1100
© 2023 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyer to verify this information as provided by seller, listing broker, & other parties. The offer of compensation is made only to Participants of the South Central WI MLS and WIREX datashare. Listing data last updated Tuesday, March 21st, 2023.
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