Bought with The Hub Realty
$3,400,000
$3,400,000
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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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