Madison, WI 53711,5826 Balsam Rd
Madison, WI 53711,5826 Balsam Rd
Madison, WI 53711,5826 Balsam Rd
Madison, WI 53711,5826 Balsam Rd
Madison, WI 53711,5826 Balsam Rd
Madison, WI 53711,5826 Balsam Rd
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Listed by Restaino & Associates • Pref: 608-446-2210
Bought with Stark Company, REALTORS

$495,000

$490,000

1.0%
Est.Price: ?

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Est. payment /mo

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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