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Listed with Homestead Realty
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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.
| LAST UPDATED | 9/5/2024 | TRACT | Prospect Place |
|---|---|---|---|
| YEAR BUILT | 1899 | COUNTY | Dane |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Madison |
|---|---|
| Elementary School | Lapham/Marquette |
| Jr. High School | OKeeffe |
| High School | East |
| ADDITIONAL DETAILS | |
| APPLIANCES | Water Softener |
|---|---|
| BASEMENT | Full, Yes |
| LOT | 2962 sq ft |
| SEWER | Public Sewer |
| SUBDIVISION | Prospect Place |
| TAXES | 8245 |
| UTILITIES | Cable Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Homestead Realty
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