42 Northridge Terrace new Save Request In-Person Tour Request Virtual Tour
Madison,WI 53704
Key Details
Property Type Multi-Family
Sub Type Apartment building,2 story
Listing Status Active
Purchase Type For Sale
Square Footage 3,920 sqft
Price per Sqft $178
MLS Listing ID 2003028
Bedrooms 8
Full Baths 4
Year Built 1989
Annual Tax Amount $8,868
Tax Year 2023
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Apartment building,2 story
Property Description
This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD's Small Area Fair Market Rent (SAFMR) guidelines for Dane County, effective through October 2025. All refrigerators replaced – June 2022, New water softener – May 2022, Energy efficiency improvements – October 2022: Blower door test, Attic air sealing & additional insulation, Bathroom vent fans replaced
Location
State WI
County Dane
Area Madison - C E03
Zoning SR-V2
Direction Northport Drive, turn right on Troy Drive, then left onto Northridge Terrace
Rooms
Basement None
Interior
Heating Radiant
Inclusions Refrigerator(4), Range/Ovens(4), Dishwashers(4), Washers(4), Dryers(4), Wall A/C(4)
Heat Source Electric
Exterior
Parking Features 1 stall garage,Attached,1 space,Opener inc
Utilities Available Separate elec meters,Separate gas meters
Building
Water Municipal water,Municipal sewer
Structure Type Vinyl,Brick
Schools
Elementary Schools Mendota
Middle Schools Black Hawk
High Schools East
School District Madison