Bought with EXIT Realty HGM
$700,000
$700,000
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8 Beds
4 Baths
4,160 SqFt
SOLD DATE : 09/05/2025
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Apartment building,2 story
Listing Status Sold
Purchase Type For Sale
Square Footage 4,160 sqft
Price per Sqft $168
MLS Listing ID 2002935
Sold Date 09/05/25
Bedrooms 8
Full Baths 4
Year Built 1986
Annual Tax Amount $9,325
Tax Year 2023
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Apartment building,2 story
Property Description
This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD's Small Area Fair Market Rent (SAFMR) guidelines for Dane County, effective through October 2025. Roof replaced – 2011, Energy efficiency improvements – October 2022: Blower door test, Attic air sealing & additional insulation, Bathroom vent fans replaced.
Location
State WI
County Dane
Area Madison - C E07
Zoning SR-V2
Direction I-39N/I-90W. Continue on I-39N/I-90W to Madison. Turn right onto Service Ln, Turn right onto E Wash Ave Frontage Rd, Continue onto Hayes Rd
Rooms
Basement None
Interior
Heating Radiant
Heat Source Electric
Exterior
Parking Features 1 stall garage, Attached, 1 space, Opener inc
Utilities Available Separate elec meters, Separate gas meters
Building
Water Municipal water, Municipal sewer
Structure Type Vinyl,Brick
Schools
Elementary Schools Sandburg
Middle Schools Sherman
High Schools East
School District Madison
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