$685,000 Price Analysis    ♡   Madison, WI 53703 9 bed 3 bath 3,317 SqFt ($206/SqFt) 5,227SqFt lot. Built 1912 Listed 2024-05-09, Taxes $9,991 | Ⓧ USDA Ineligible due to location near Madison |
THREE UNITS
ONE GOAL: BUILDING PASSIVE INCOME STREAMS! Charming 3 flat property located near Downtown Madison. All units are 3bed, 1 bath. Unit 1 features hardwood floors, ample natural light and large cl sets. Renovated Unit 2 has hardwood floors, a sizable kitchen, a bonus room and ceiling fans and lights in all bedrooms.
Renovated Unit 3 offers hardwood floors, vaulted ceilings, kitchen skylight, rustic brick accents and sizable bedrooms. Back yard shared with all tenants. All units have individual furnaces, water heaters, water softeners and meters. Laundry hookups available in basement. Units 2 and 3 are leased until 2025. Close to Breeze Stevens Field, Tenney Park, Lake Mendota and many restaurants and retailers.
Presented by Matt Kornstedt at
Stark Company, REALTORS.
Property MLS #1975666 from SCWMLS
Heating Fuel: Natural Gas
Water Heaters: 3
Lot Size Square Feet: 5227
High School: East
Middle School: OKeeffe
School District: Madison
Map directions Map directions Map directions Map directionsNumber of Units: 3
Number of 3 Bedroom Units: 3
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 3
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Unit-1 Description: Family/Rec rm, Eat-in kitchen, Range/oven, Refrigerator, Individual heat control, Wood or sim. wood floor, Shared basement
Unit-2 Description: Family/Rec rm, Eat-in kitchen, Den/office, Balcony/patio, Range/oven, Refrigerator, Wood or sim. wood floor, Individual heat control, Shared basement
Unit-3 Description: Family/Rec rm, Eat-in kitchen, Range/oven, Refrigerator, Wood or sim. wood floor, Vaulted ceiling(s), Individual heat control, Shared basement
Unit-1 Square Feet: 1219
Unit-2 Square Feet: 1219
Unit-3 Square Feet: 879
Unit 1 Total Actual Rent: 1485
Unit 2 Total Actual Rent: 1545
Unit 3 Total Actual Rent: 1405
Unit-1 Bedroom-1 Dimensions: 14 x 12
Unit-1 Bedroom-2 Dimensions: 12 x 10
Unit-1 Bedroom-3 Dimensions: 12 x 11
Unit-2 Bedroom-1 Dimensions: 14 x 12
Unit-2 Bedroom-2 Dimensions: 12 x 11
Unit-2 Bedroom-3 Dimensions: 12 x 11
Source Listing Status: Active
County: Dane
Directions: E on Hwy 151 take a left onto N Few Rd then a righ on E Mifflin
Tax Year: 2023
Source Property Type: Multi Family
Exclusions: Tenants Personal Items
Inclusions: 3 Refrigerators, 3 Range/Oven, 3 Water Softeners
Area: MADISON - C E01
Source Neighborhood: MADISON - C E01
Parcel Number: 0709-131-0915-8
Postal City: Madison
Zoning: TR-V1
Property Subtype: Apartment building, 3 story
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $406,100 + $102,400 $508,500 | $9,991 |
| 2021 | $381,900 + $102,400 $484,300 | $10,326 |
| 2020 | $352,700 + $95,700 $448,400 | $9,995 |
| 2019 | $340,000 + $87,000 $427,000 | $9,552 |
| 2018 | $402,600 + $83,700 $486,300 | $10,873 |
| 2017 | $358,400 + $83,700 $442,100 | $10,364 |
| 2016 | $343,500 + $77,500 $421,000 | $10,012 |
| 2015 | $332,900 + $71,800 $404,700 | $9,721 |
| 2014 | $318,900 + $66,500 $385,400 | $9,336 |
| 2013 | $310,300 + $63,900 $374,200 | $9,233 |
| 2012 | $310,300 + $63,900 $374,200 | $8,979 |
| 2011 | $308,300 + $65,900 $374,200 | $8,544 |
| 2010 | $308,300 + $65,900 $374,200 | $8,249 |
| 2008 | $319,900 + $65,900 $385,800 | $7,472 |
| 2007 | $319,900 + $65,900 $385,800 | $7,579 |
$685,000
SCWMLS
Operating Expense: 7633
Property Age: 112
Levels or Stories: Apartment building, 3 story
Separate elec meters
Separate gas 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.