Bought with Stark Company, REALTORS
$495,000
$490,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
0.37 Acres Lot
SOLD DATE : 08/22/2022
Key Details
Sold Price $495,000
Property Type Multi-Family
Sub Type Apartment building,2 story
Listing Status Sold
Purchase Type For Sale
Subdivision Meadowood
MLS Listing ID 1938237
Sold Date 08/22/22
Bedrooms 7
Full Baths 4
Year Built 1959
Annual Tax Amount $7,761
Tax Year 2021
Lot Size 0.370 Acres
Acres 0.37
Property Description
A solid 5-unit building w/strong rental history, rents for 4 units are below market level. Apt 5 $975 (potential rent, has new windows installed, kitchen cabs, BA fixtures, appls, & other materials all incl) was previously rented & remodel started-open to finish & increase income by ~25%, cost for remodel is in the listing price. Many updates made to make this an attractive home for tenants w/very low maintenance. New roof, vinyl siding, facia, & gutters 5 yrs ago. New carpet & vinyl flrs - unit 3, new carpet 3 yrs ago. New vanity & sink in all BA, mostly new faucets throughout. New appls (stove/fridge), sinks & backsplash in kitchens (5-6 yrs ago) & some garbage disposals changed. This is a well-running investment, make instant income & option to increase income w/rent increases & 5th apt
Location
State WI
County Dane
Area Madison - C W09
Zoning R4
Direction Raymond to Leland to Balsam
Rooms
Basement Full, Block foundation
Interior
Heating Forced air
Heat Source Natural Gas
Exterior
Garage 1 space, Outside
Utilities Available Separate elec meters, Separate gas meters
Building
Water Municipal sewer, Municipal water
Structure Type Brick,Stone
Schools
Elementary Schools Orchard Ridge
Middle Schools Toki
High Schools Memorial
School District Madison
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