$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 features updates, open layouts and quality finishes. Convenient parking available fo r tenants in their private parkng 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.