$1,175,000
$1,200,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
0.38 Acres Lot
SOLD DATE : 08/15/2025
Key Details
Sold Price $1,175,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2002505
Sold Date 08/15/25
Year Built 1971
Annual Tax Amount $14,911
Tax Year 2024
Lot Size 0.380 Acres
Acres 0.38
Property Description
Rare opportunity to purchase a Madison investment property that actually makes money!!! This 8 unit property is all 2 bed/1 bath apartments with current rents ranging between $1,410-$1,600. As of the date of listing, there is one vacancy. Current actual rent roll results in over $125K in gross income. By filling the one vacancy, another $18K in revenue can be easily added. Landlord currently includes heat & water in rent. Tenant's pay their own electric. Current owner self manages.
Location
State WI
County Dane
Zoning SR-V1
Rooms
Basement Full, Poured Concrete
Interior
Heating Natural Gas
Cooling Radiant/Electric
Exterior
Exterior Feature Vinyl, Brick
Utilities Available Separate Electric Meters
Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Call School District
Middle Schools Call School District
High Schools Call School District
School District Madison
Others
Special Listing Condition Arms Length
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