$599,900 Price Analysis    ♡   Madison, WI 53713 8 bed 8 bath 3,600 SqFt ($166/SqFt) 0.25 acre lot. Built 1993 Listed 2024-04-04, Taxes $8,634 | Ⓧ USDA Ineligible due to location near Madison |
A exceptonal opportunity for investors!
* Sale Pending *Stable rental history (3 tenants have been there for 8, 9 and 12 years!), tenants pay all utilities including water and sewer. Each unit has a washer and dryer, dishwasher, water softener and central air conditioning for added desirability. Each unit has a private patio & green space in back for the tenants enjoyment.
Close to Aldo Leopold Park, Leopold Elementary, Nine Springs Golf & Disc Golf Course, bus line & Beltline as well as retail & restaurants. limited parking in front of the garages. Unit #4 has 2 more parking spaces along the garage & zero entry at the front door. Brand new furnace being installed in #2. UHP Ultimate Warranty incl.
Presented by Liz Erickson at
Restaino & Associates ERA Powered.
Property MLS #1974201 from SCWMLS
Bedrooms: 8
# Stoves: 4
# Dish Washers: 4
Laundry Features: # Washers: 4, # Dryers: 4
# Dish Washers: 4
Laundry Features: # Washers: 4, # Dryers: 4
4
Full Bathrooms: 4
1/2 Bathrooms: 4
1/2 Bathrooms: 4
Heating Features: Heating Type: Forced air, # Furnaces: 4
Heating Fuel: Natural Gas
Water Heaters: 4
Heating Fuel: Natural Gas
Water Heaters: 4
Basement Description: Poured concrete foundatn
Vinyl
Covered Spaces: 4
Garage Spaces: 1
Garage Description: 1 stall garage, Attached, 1 space, Opener inc
Garage Features: 1 stall garage, Attached, 1 space, Opener inc
Parking Total: 6
Garage Spaces: 1
Garage Description: 1 stall garage, Attached, 1 space, Opener inc
Garage Features: 1 stall garage, Attached, 1 space, Opener inc
Parking Total: 6
Lot Size Acres: 0.25
Lot Size Square Feet: 10890
Lot Size Square Feet: 10890
Elementary School: Leopold
High School: West
Middle School: Cherokee Heights
School District: Madison
High School: West
Middle School: Cherokee Heights
School District: Madison
Leopold Elementary School is a public elementary school located approximately 0.3 miles away.
Map directions
Map directionsCherokee Heights Middle School is a public middle school located approximately 1.9 miles away.
Map directions
Map directionsWest High School is a public high school located approximately 2.8 miles away.
Map directions
Map directionsMadinah Academy Of Madison is a private elementary school located approximately 0.6 miles away.
Map directions
Map directionsNumber of Units In Community: 4
Number of Units: 4
Number of 2 Bedroom Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Half Bathrooms in Unit-1: 1
Half Bathrooms in Unit-2: 1
Half Bathrooms in Unit-3: 1
Half Bathrooms in Unit-4: 1
Unit-1 Description: Family/Rec rm, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Individual heat control, In-unit laundry
Unit-2 Description: Family/Rec rm, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Individual heat control, In-unit laundry
Unit-3 Description: Family/Rec rm, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Individual heat control, In-unit laundry
Unit-4 Description: Family/Rec rm, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Individual heat control, In-unit laundry
Unit-1 Square Feet: 900
Unit-2 Square Feet: 900
Unit-3 Square Feet: 900
Unit-4 Square Feet: 900
Unit 1 Total Actual Rent: 1100
Unit 2 Total Actual Rent: 950
Unit 3 Total Actual Rent: 950
Unit 4 Total Actual Rent: 970
Number of Units: 4
Number of 2 Bedroom Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Half Bathrooms in Unit-1: 1
Half Bathrooms in Unit-2: 1
Half Bathrooms in Unit-3: 1
Half Bathrooms in Unit-4: 1
Unit-1 Description: Family/Rec rm, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Individual heat control, In-unit laundry
Unit-2 Description: Family/Rec rm, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Individual heat control, In-unit laundry
Unit-3 Description: Family/Rec rm, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Individual heat control, In-unit laundry
Unit-4 Description: Family/Rec rm, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Individual heat control, In-unit laundry
Unit-1 Square Feet: 900
Unit-2 Square Feet: 900
Unit-3 Square Feet: 900
Unit-4 Square Feet: 900
Unit 1 Total Actual Rent: 1100
Unit 2 Total Actual Rent: 950
Unit 3 Total Actual Rent: 950
Unit 4 Total Actual Rent: 970
Gross Income: 47640
Close to bus line
Water Softener Owned
Internet - Cable
Annual Tax Amount: 8634
Source Listing Status: Offer-No Show
County: Dane
Directions: Fish Hatchery Rd to Post to Turbot to Sunfish
Tax Year: 2023
Source Property Type: Multi Family
Exclusions: Sellers & tenants personal possessions
Inclusions: 4 of each of the following: Furnaces, A/C's, Water Heaters, Water Softeners, Disposals, Stove/Ovens, Dishwashers, Microwaves, Refrigerators, Washer/Dryers
Area: MADISON - C W18
Source Neighborhood: Bowman Heights
Parcel Number: 0609-032-0722-8
Postal City: Madison
Subdivision: Bowman Heights
Zoning: SR-V1
Property Subtype: Apartment building, 2 story, Townhouse style units
Source System Name: C2C
Water Softener Owned
Internet - Cable
Annual Tax Amount: 8634
Source Listing Status: Offer-No Show
County: Dane
Directions: Fish Hatchery Rd to Post to Turbot to Sunfish
Tax Year: 2023
Source Property Type: Multi Family
Exclusions: Sellers & tenants personal possessions
Inclusions: 4 of each of the following: Furnaces, A/C's, Water Heaters, Water Softeners, Disposals, Stove/Ovens, Dishwashers, Microwaves, Refrigerators, Washer/Dryers
Area: MADISON - C W18
Source Neighborhood: Bowman Heights
Parcel Number: 0609-032-0722-8
Postal City: Madison
Subdivision: Bowman Heights
Zoning: SR-V1
Property Subtype: Apartment building, 2 story, Townhouse style units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $354,000 + $86,000 $440,000 | $8,634 |
| 2021 | $338,000 + $78,000 $416,000 | $8,901 |
| 2020 | $318,700 + $77,900 $396,600 | $8,971 |
| 2019 | $299,700 + $77,900 $377,600 | $8,438 |
| 2018 | $281,700 + $77,900 $359,600 | $8,563 |
| 2017 | $254,700 + $77,900 $332,600 | $7,680 |
| 2016 | $231,700 + $70,900 $302,600 | $7,578 |
| 2015 | $231,700 + $70,900 $302,600 | $8,527 |
| 2014 | $231,700 + $70,900 $302,600 | $7,330 |
| 2013 | $231,700 + $70,900 $302,600 | $7,451 |
| 2012 | $231,700 + $70,900 $302,600 | $7,247 |
| 2011 | $265,700 + $70,900 $336,600 | $7,677 |
| 2010 | $265,700 + $70,900 $336,600 | $7,412 |
| 2008 | $322,400 + $70,900 $393,300 | $7,618 |
| 2007 | $322,400 + $70,900 $393,300 | $7,726 |
Listed 2024-04-04
$599,900
SCWMLS
Listing removed 2012-11-10
$309,900
SCWMLS
Listed 2012-05-10
$309,900
SCWMLS
Listing removed 2012-05-06
$315,000
SCWMLS
Price Changed 2012-03-13
$315,000
SCWMLS
Price Changed 2011-05-09
$329,900
SCWMLS
Listed 2010-01-06
$349,900
SCWMLS
Listing removed 2010-01-01
$359,900
SCWMLS
Listed 2009-08-04
$359,900
SCWMLS
$599,900
SCWMLS
Listing removed 2012-11-10
$309,900
SCWMLS
Listed 2012-05-10
$309,900
SCWMLS
Listing removed 2012-05-06
$315,000
SCWMLS
Price Changed 2012-03-13
$315,000
SCWMLS
Price Changed 2011-05-09
$329,900
SCWMLS
Listed 2010-01-06
$349,900
SCWMLS
Listing removed 2010-01-01
$359,900
SCWMLS
Listed 2009-08-04
$359,900
SCWMLS
Net Operating Income: 30709
Operating Expense: 16931
Operating Expense: 16931
Year Built: 1993
Property Age: 31
Levels or Stories: Apartment building, 2 story, Townhouse style units
Property Age: 31
Levels or Stories: Apartment building, 2 story, Townhouse style units
Level drive
Level lot
Low pile or no carpeting
Level lot
Low pile or no carpeting
Sewer: Municipal sewer
Separate elec meters
Separate gas meters
Separate water meters
Water Source: Municipal water
Separate elec meters
Separate gas meters
Separate water 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.