Madison, WI 53704,2837 Coolidge St
Madison, WI 53704,2837 Coolidge St
Madison, WI 53704,2837 Coolidge St
Madison, WI 53704,2837 Coolidge St
Madison, WI 53704,2837 Coolidge St
Madison, WI 53704,2837 Coolidge St
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$410,000

$375,000

9.3%
Est.Price: ?

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Est. payment /mo

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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Listed by Stark Company, REALTORS
Bought with Stark Company, REALTORS
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5320 Monona Drive, Monona, WI, 53716, United States

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