$474,900
836 E Gorham Street Madison, WI 53703
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$474,900
Est. payment /mo
2,962 Sqft Lot
UPDATED:
10/31/2024 04:11 PM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Prospect Place
MLS Listing ID 1982216
Year Built 1899
Annual Tax Amount $8,245
Tax Year 2023
Lot Size 2,962 Sqft
Acres 0.068
Property Description
2-unit apartment building leased thru August 14, 2025!! Investment opportunity on the near east side of Madison. Always rented due to location. Main level apartment has a private entrance, in-unit laundry, and off-street parking! The other apartment is a large 4-bedroom that spans both the 2nd and 3rd floors. Very popular floorplan. 2 of the 3 floors have hardwood flooring. Entire roof was replaced 1 year ago! Building was sprinklered to comply with city of Madison code to authorize 3rd floor use. Total gross annual income is $43,200. Priced at a 11 GIM and BELOW the assessed value! Check public documents for a whole bunch of additional information like income and expenses, building floorplan, and a full updates and features list with dates of replacements for capital improvements.
Location
State WI
County Dane
Zoning TR-V2
Rooms
Basement Full
Interior
Interior Features Water Softener, Fire Sprinklers, High Speed Internet
Heating Natural Gas
Cooling Radiant/Electric
Inclusions In-unit Appliances, Review Addendum R
Exterior
Exterior Feature Brick, Stone
Utilities Available Separate Electric Meters
Building
Dwelling Type 2 Flat Up and Down
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Lapham/Marquette
Middle Schools Okeeffe
High Schools East
School District Madison
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Listed by Homestead Realty
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