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$475,000
Est. payment /mo
5,227 Sqft Lot
UPDATED:
10/21/2024 04:07 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1986997
Year Built 1959
Annual Tax Amount $4,847
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Prime investment opportunity on Madison's near east side! This two-unit property is in an ideal location, close to Maple Bluff, Lake Mendota and a plethora of "Best of Madison" winning restaurants. The main-level unit features 2 bedrooms and is purposefully vacant for owner occupancy. The upper unit also offers 2 bedrooms, currently rented for $1,850/month. Both units feature updated kitchens & baths, off-street parking, basement storage and access to a large backyard. With a fantastic location that appeals to tenants seeking easy access to dining, recreation & downtown Madison, this property offers excellent rental potential. Gross Rental Income could reach up to $3,700/month. Financials and leases available.
Location
State WI
County Dane
Zoning TR-C4
Rooms
Basement Full, Block
Interior
Heating Natural Gas
Cooling Forced Air
Inclusions (2) refrigerators, (1) dishwasher, (1) washer, (1) dryer, (1) dehumidifier, blinds
Exterior
Exterior Feature Aluminum/Steel, Stone
Utilities Available Separate Electric Meters, Separate Gas Meters
Building
Dwelling Type 2 Flat Up and Down
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Emerson
Middle Schools Sherman
High Schools East
School District Madison
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Listed by Berkshire Hathaway HomeServices True Realty