$410,000
$375,000
9.3%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 05/10/2023
Key Details
Sold Price $410,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1953576
Sold Date 05/10/23
Year Built 1965
Annual Tax Amount $6,250
Tax Year 2022
Lot Size 6,098 Sqft
Acres 0.14
Property Description
This well maintained three unit consists of all 2 bedroom 1 bathroom units with very long term tenants (low rents). Seller is performing a 1031 creating an opportunity for the Buyer to yield the upside to increased rents. The unit that just turned over was rented at $1,050/month prior to new flooring and paint. With proforma rents and laundry income this property will produce over $38,000 annually. This is a great opportunity for cashflow at at 9.75 times gross income. Seller is also selling an identical three unit building adjacent at 2838 Dahl St (MLS 1953578) and would prefer to sell them together (MLS 1953574).
Location
State WI
County Dane
Zoning TR-V1
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Radiant/Electric
Exterior
Exterior Feature Wood
Utilities Available Separate Electric Meters
Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Emerson
Middle Schools Sherman
High Schools East
School District Madison
Others
Special Listing Condition Arms Length
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