Bought with EXP Realty, LLC
$665,000
$700,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,920 SqFt
SOLD DATE : 12/01/2025
Key Details
Sold Price $665,000
Property Type Multi-Family
Sub Type Apartment building,2 story
Listing Status Sold
Purchase Type For Sale
Square Footage 3,920 sqft
Price per Sqft $169
MLS Listing ID 2003106
Sold Date 12/01/25
Bedrooms 8
Full Baths 4
Year Built 1989
Annual Tax Amount $8,868
Tax Year 2023
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Apartment building,2 story
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 September 2028. Heat pumps installed – Sep 2023, All refrigerators replaced – Jun 2022, New water softener – May 2022, Energy efficiency improvements – October 2022: Blower door test, Attic air sealing & additional insulation, Bathroom vent fans replaced
Location
State WI
County Dane
Area Madison - C E03
Zoning SR-V2
Direction Northport Drive, turn right on Troy Drive, then left onto Northridge Terrace
Rooms
Basement None
Interior
Heating Heat Pump
Heat Source Electric
Exterior
Parking Features 1 stall garage, Attached, 1 space, Opener inc
Utilities Available Separate elec meters, Separate gas meters
Building
Water Municipal sewer, Municipal water
Structure Type Vinyl,Brick
Schools
Elementary Schools Mendota
Middle Schools Black Hawk
High Schools East
School District Madison
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