Madison, WI 53703,509 E Gorham Street
Madison, WI 53703,509 E Gorham Street
Madison, WI 53703,509 E Gorham Street
Madison, WI 53703,509 E Gorham Street
Madison, WI 53703,509 E Gorham Street
Madison, WI 53703,509 E Gorham Street
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Listed by The Hub Realty
Bought with The Hub Realty

$3,400,000

$3,400,000

Est.Price: ?

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Est. payment /mo

9 Beds

3.5 Baths

3,431 SqFt


SOLD DATE : 10/21/2024

Key Details

Sold Price $3,400,000

Property Type Multi-Family

Sub Type Apartment building

Listing Status Sold

Purchase Type For Sale

Square Footage 3,431 sqft

Price per Sqft $990

MLS Listing ID 1984626

Sold Date 10/21/24

Bedrooms 9

Full Baths 3

Half Baths 1

Year Built 1890

Annual Tax Amount $51,458

Tax Year 2023

Lot Size 0.647 Acres

Acres 0.647

Property Description

Once in a generation opportunity to secure 7 adjacent buildings on the Isthmus!!! 7 properties, 15 units & a total of 36 bedrooms. These properties are all fully leased through 8/14/2025 and are professionally managed by Birwood Property Management. Two properties overlook James Madison Park & Lake Mendota. All 7 properties are contiguous, allowing for ultimate flexibility on parking and efficient maintenance, lawn and snow care. These are being offered as a package, so please be prepared to submit an offer on all 7 properties prior to scheduling any showings. Market rents should be an average of ~$850-900/bedroom + parking + utility income + laundry.

Location

State WI

County Dane

Area Madison - C E01

Zoning DR1

Direction Left on E Gorham

Rooms

Basement Full

Interior

Heating Forced air

Heat Source Natural Gas

Exterior

Garage 1 space

Building

Water Municipal water, Municipal sewer

Structure Type Other

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison

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