$674,900 Price Analysis    ♡   Madison, WI 53719 7 bed 4 bath 2,485 SqFt ($271/SqFt) 0.34 acre lot. Built 1969 Listed 2024-06-28, Taxes $8,198 | Ⓧ USDA Ineligible due to location near Madison |
Discover this meticulously maintained 4-unit multi-family building generating an impressive annual income of $55
740! Enjoy consistent rental income with all units currently leases. Each unit fe atures updats, open layouts and quality finishes. Convenient parking available for tenants in their private parking lot.
Benefit from Madison's robust rental demand, ensuring minimal vacancy rates and steady income. Located in a desirable neighborhood, close to schools, shopping, dining and public transportation. Don't miss out on this fantastic opportunity to add a high-performing asset to your portfolio!
Presented by Brian Lawton at
EXIT REALTY HGM.
Property MLS #1980412 from SCWMLS
Bedrooms: 7
# Stoves: 4
Laundry Features: # Washers: 2, # Dryers: 2
Laundry Features: # Washers: 2, # Dryers: 2
4
Full Bathrooms: 4
Heating Features: Heating Type: Forced air, # Furnaces: 2
Heating Fuel: Natural Gas
Water Heaters: 2
Heating Fuel: Natural Gas
Water Heaters: 2
Basement Description: Poured concrete foundatn
Wood
Lot Size Acres: 0.34
Lot Size Square Feet: 14810
Lot Size Square Feet: 14810
Garage Spaces: 1
Garage Description: 1 space, Outside
Garage Features: 1 space, Outside
Parking Total: 6
Garage Description: 1 space, Outside
Garage Features: 1 space, Outside
Parking Total: 6
Elementary School: Country View
High School: Verona
Middle School: Savanna Oaks
School District: Verona
High School: Verona
Middle School: Savanna Oaks
School District: Verona
Savanna Oaks Middle School is a public middle school located approximately 1.9 miles away.
Map directions
Map directionsVerona Area High School is a public high school located approximately 2.6 miles away.
Map directions
Map directionsCountry View Elementary School is a public elementary school located approximately 2.8 miles away.
Map directions
Map directionsCapitoland Christian School is a private elementary school located approximately 0.5 miles away.
Map directions
Map directionsNumber of Units In Community: 4
Number of Units: 4
Number of 1 Bedroom Units: 2
Number of 2 Bedroom Units: 1
Number of 3 Bedroom Units: 1
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit-1 Description: Range/oven, Refrigerator
Unit-2 Description: Air conditioning, Range/oven, Refrigerator
Unit-3 Description: Air conditioning, Range/oven, Refrigerator
Unit-4 Description: Range/oven, Refrigerator
Unit-1 Square Feet: 480
Unit-2 Square Feet: 510
Unit-3 Square Feet: 575
Unit-4 Square Feet: 920
Unit 1 Total Actual Rent: 1045
Unit 2 Total Actual Rent: 1100
Unit 3 Total Actual Rent: 1225
Unit 4 Total Actual Rent: 1275
Unit-1 Bedroom-1 Dimensions: 11 x 9
Unit-2 Bedroom-1 Dimensions: 11 x 23
Number of Units: 4
Number of 1 Bedroom Units: 2
Number of 2 Bedroom Units: 1
Number of 3 Bedroom Units: 1
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit-1 Description: Range/oven, Refrigerator
Unit-2 Description: Air conditioning, Range/oven, Refrigerator
Unit-3 Description: Air conditioning, Range/oven, Refrigerator
Unit-4 Description: Range/oven, Refrigerator
Unit-1 Square Feet: 480
Unit-2 Square Feet: 510
Unit-3 Square Feet: 575
Unit-4 Square Feet: 920
Unit 1 Total Actual Rent: 1045
Unit 2 Total Actual Rent: 1100
Unit 3 Total Actual Rent: 1225
Unit 4 Total Actual Rent: 1275
Unit-1 Bedroom-1 Dimensions: 11 x 9
Unit-2 Bedroom-1 Dimensions: 11 x 23
Gross Income: 55740
Annual Tax Amount: 8588
Source Listing Status: Active
County: Dane
Directions: N on Fitchrona Rd, W on Nesbitt, property on right
Tax Year: 2023
Source Property Type: Multi Family
Exclusions: seller and tenant personal property
Inclusions: 4 refrigerators, 4 stoves, 2 washers, 2 dryers, 2 window a/c units
Area: VERONA - T
Source Neighborhood: VERONA - T
Parcel Number: 0608-124-8250-5
Postal City: Madison
Zoning: MFR-08
Property Subtype: Apartment building, 2 story, Townhouse style units
Source System Name: C2C
Source Listing Status: Active
County: Dane
Directions: N on Fitchrona Rd, W on Nesbitt, property on right
Tax Year: 2023
Source Property Type: Multi Family
Exclusions: seller and tenant personal property
Inclusions: 4 refrigerators, 4 stoves, 2 washers, 2 dryers, 2 window a/c units
Area: VERONA - T
Source Neighborhood: VERONA - T
Parcel Number: 0608-124-8250-5
Postal City: Madison
Zoning: MFR-08
Property Subtype: Apartment building, 2 story, Townhouse style units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $285,000 + $76,500 $361,500 | $8,198 |
| 2021 | $285,000 + $76,500 $361,500 | $8,617 |
| 2020 | $285,000 + $76,500 $361,500 | $8,479 |
| 2019 | $285,000 + $76,500 $361,500 | $8,516 |
| 2018 | $130,500 + $65,200 $195,700 | $5,750 |
| 2017 | $130,500 + $65,200 $195,700 | $5,827 |
| 2016 | $130,500 + $65,200 $195,700 | $5,288 |
| 2015 | $130,500 + $65,200 $195,700 | $4,938 |
| 2014 | $130,500 + $65,200 $195,700 | $4,856 |
| 2013 | $130,500 + $65,200 $195,700 | $4,935 |
| 2012 | $158,000 + $39,900 $197,900 | $4,807 |
| 2011 | $158,000 + $39,900 $197,900 | $4,783 |
| 2010 | $158,000 + $39,900 $197,900 | $4,274 |
| 2008 | $158,000 + $39,900 $197,900 | $4,166 |
| 2007 | $158,000 + $39,900 $197,900 | $3,903 |
Listed 2024-06-28
$674,900
SCWMLS
Sold 2019-02-05
$350,000
SCWMLS
Relisted 2019-01-14
$350,000
SCWMLS
Listing removed 2019-01-09
$0
SCWMLS
Listing removed 2019-01-08
$350,000
SCWMLS
Relisted 2018-11-19
$350,000
SCWMLS
Listing removed 2018-10-22
$350,000
SCWMLS
Listed 2018-10-05
$350,000
SCWMLS
$674,900
SCWMLS
Sold 2019-02-05
$350,000
SCWMLS
Relisted 2019-01-14
$350,000
SCWMLS
Listing removed 2019-01-09
$0
SCWMLS
Listing removed 2019-01-08
$350,000
SCWMLS
Relisted 2018-11-19
$350,000
SCWMLS
Listing removed 2018-10-22
$350,000
SCWMLS
Listed 2018-10-05
$350,000
SCWMLS
Year Built: 1969
Property Age: 55
Levels or Stories: Apartment building, 2 story, Townhouse style units
Property Age: 55
Levels or Stories: Apartment building, 2 story, Townhouse style units
Sewer: Municipal sewer
Separate elec meters
Water Source: Municipal water
Separate elec meters
Water Source: Municipal water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.