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5815 Raymond Rd,  Madison,  WI  53711 $349,000 Sold
5815 Raymond Rd,  Madison,  WI  53711
$349,000
Sold
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 Property Type Multi Family
 Parcel # 0609-062-0303-3
 County Dane
 Sub Area W08
 Municipality Madison
 MLS# 1833955
 Listing Date 06/15/2018
 Sold Price $362,000
 Close Date 07/27/2018 12:00 AM

MLS Public Remarks  5-unit brick building at gross rent of $43,560 annual. The rent is below market value. All units could have higher rent. Each unit has one parking spot behind the building, basement has coined-laundry facility, and generous sized storage locker for each unit; Separately metered electric and gas for Unit 1-4; Unit 5 is a 400 sq. ft. studio added on by previous owner that boasts a fireplace. Current rate for Unit 5 is $500 per month. Updates include 4 furnaces & AC 2015, one water heater 2016; newer doors, cabinets, carpets in some units; 48 hrs notice for any showings.
Documents and Related Links  
1) ADDENDUM S
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  South West Corner Of Whitney Way And Raymond Rd. The Building Is On The South Side Of Raymond St.
    • BUILDING INFO  
  • Number of Units  5
  • Year Built  1963
  • # Furnaces  4
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  5
  • # Water Softeners  1
  • # Stoves  5
  • # Refrigerators  5
  • # Dish Washers  0
  • # Washers  1
  • # Dryers  1
  • # Units w/AC  5
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  1
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  4
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  2018
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  Memorial
  • Middle  Toki
  • Elementary  Orchard Ridge
  • Land Assessment  $86,100
  • Improvements  $188,900
  • Total Assessment  $275,000
  • Net Taxes  $6,336
  • Assessment Year  2018
  • Tax Year  2017
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  SR-V1
  • Subdivision  0609-062-0303-3
  • Name of Lake/River  
  • Est. Total Acres  0.26
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Air conditioning, Balcony/patio, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Washer/dryer
  • Unit 2  Air conditioning, Balcony/patio, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 3  Air conditioning, Balcony/patio, Eat-in kitchen, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 4  Air conditioning, Balcony/patio, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 2 1 0 12/31/2018 $750 875 1 Space No No Yes
    2 2 1 0 2/28/2019 $785 875 1 Space No No Yes
    3 2 1 0 6/30/2018 $795 875 1 Space No No Yes
    4 2 1 0 2/28/2019 $800 875 1 Space No No Yes
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  1 space, Outside
  • Barrier-free Features  
  • Exterior  Brick, Stone
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit
  • Legal Documents  Condition report on file
  • Miscellaneous  Close to bus line, Shared laundry, Water Softener Rented



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Tri-River Realty