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Listing ID1945838
Sold For$755,000
StatusSold
Sold Date1/10/2023
Acres
0.340
CountyDane
Property TypeMulti-Family
Property Sub TypeApartment building, 3 story
Listing Agent
Carlos Alvarado
Title:
Principal Broker
Address:
1914 Monroe St
City:
Madison
State/Province:
Wisconsin
Zipcode:
53711
Cell Phone: 608.438.6757
This profit-producing five-unit building is a great opportunity. Four of the units are 2 bedroom apartments and one unit is been used as commercial office space for lease. Located in the popular Southwest of Madison. Residential units offer two bedrooms, one bathroom, a balcony, a combined dining and living room plus plenty of parking. The lower level space hosts a long-term tenant. The property generates great income and is easy to rent. The financials spreadsheet is available upon request.
County
Dane
photo Count
1
Property Sub Type
Apartment building, 3 story
Zoning
SR-V1
Basement
None
Dish Washers
4
Dryers
4
Heating Fuel
Electric
Heating Type
Radiant
Number of 2 Bedrooms
4
Number of 3+ Bedrooms
1
Refrigerators
5
Stoves
4
Unit 1 Bedrooms
2
Unit 1 Full Baths
1
Unit 1 SqFt
668
Unit 2 Bedrooms
2
Unit 2 Full Baths
1
Unit 2 SqFt
668
Unit 3 Bedrooms
2
Unit 3 Full Baths
1
Unit 3 SqFt
668
Unit 4 Bedrooms
2
Unit 4 Full Baths
1
Unit 4 SqFt
668
Units with Air Conditioning
5
Washers
4
Water Heaters
5
Water Softeners
4
Exterior
Vinyl, Aluminum/Steel
Park/Unit
1 stall garage, Outside
Source of Estimated Acres
Assessor
Unit 1 Parking
None
Unit 2 Parking
None
City/Town/Village
City
County Quarter Section
West Metro Madison
Elementary School
Call School District
High School
Call School District
Location
MADISON - C W08
Mailing City
Madison
Middle School
Call School District
School District
Middleton-Cross Plains
Items Excluded
tenants' & sellers' personal property
Items Included
5 refrigerators, 4 range/ovens, 4 disposals, 4 dishwashers, 4 water softeners, 4 washers, 4 dryers
Miscellaneous
Water Softener Owned, Internet - Cable
MLS Number
1945838
Number of Units
5
Source of Year Built
Assessor
Status
Sold
Utilities
Separate elec meters, Separate gas meters, Separate water meters
Water/Waste
Municipal sewer, Municipal water
Year Built
1987
Net Operating Income
59978
Net Operating Income Year
2022
Net Taxes
10556
Tax Year
2021
Total Expenses
3100
Total Income
73704
Unit 1 Landlord Pays Electric
No
Unit 1 Landlord Pays Heat
No
Unit 1 Landlord Pays Water/Sewer
No
Unit 1 Monthly Rent
1100
Unit 2 Landlord Pays Electric
No
Unit 2 Landlord Pays Heat
No
Unit 2 Landlord Pays Water/Sewer
No
Unit 2 Month Rent
1050
Unit 3 Landlord Pays Electric
No
Unit 3 Landlord Pays Heat
No
Unit 3 Landlord Pays Water/Sewer
No
Unit 3 Monthly Rent
1205
Unit 4 Landlord Pays Electric
No
Unit 4 Landlord Pays Heat
No
Unit 4 Landlord Pays Water/Sewer
No
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, January 31st, 2023.
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