$700,000
$700,000
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0.28 Acres Lot
SOLD DATE : 09/05/2025
Key Details
Sold Price $700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2002935
Sold Date 09/05/25
Year Built 1986
Annual Tax Amount $9,325
Tax Year 2023
Lot Size 0.280 Acres
Acres 0.28
Property Description
This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD?s Small Area Fair Market Rent (SAFMR) guidelines for Dane County, effective through October 2025. Roof replaced ? 2011, Energy efficiency improvements ? October 2022: Blower door test, Attic air sealing & additional insulation, Bathroom vent fans replaced.
Location
State WI
County Dane
Zoning SR-V2
Rooms
Basement None / Slab
Interior
Interior Features Water Softener, High Speed Internet
Heating Electric
Cooling Radiant/Electric
Exterior
Exterior Feature Vinyl, Brick
Parking Features 1 Car, Attached, Opener Included
Garage Spaces 1.0
Utilities Available Separate Electric Meters, Separate Gas Meters
Building
Story 1 - 2
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Sandburg
Middle Schools Sherman
High Schools East
School District Madison
Others
Special Listing Condition Arms Length
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