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503 W Main St,  Madison,  WI  53703 $450,000 Sold
503 W Main St,  Madison,  WI  53703
$450,000
Sold
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 Property Type Multi Family
 Parcel # 0709-231-3206-6
 County Dane
 Sub Area W01
 Municipality Madison
 MLS# 1848314
 Listing Date 01/16/2019
 Sold Price $443,000
 Close Date 04/08/2019 12:00 AM

MLS Public Remarks  24 hour notice REQUIRED for showings. Awesome downtown rental zoned R6, 4 blocks from capital. 2 units, 7 total bedrooms. One unit rented through 8/19 for $1,695/mo, the other rented through 8/20 for $1,850/mo. Additional 2 parking spaces available for rent. Tons of updates, well maintained. Great rental income potential. Tenants pay utilities, owner pays water/sewer. See associated doc's for full list of updates.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  W. Wash To, Right On S. Bassett, Right On W. Main
    • BUILDING INFO  
  • Number of Units  2
  • Year Built  999
  • # Furnaces  2
  • Heating Type  Steam
  • Heating Fuel  Nat Gas
  • # Water Heaters  1
  • # Water Softeners  0
  • # Stoves  2
  • # Refrigerators  2
  • # Dish Washers  2
  • # Washers  1
  • # Dryers  1
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  0
  • Number of 3+ Bedrooms  2
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  30778
  • Year  2018
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  West
  • Middle  Hamilton
  • Elementary  Franklin/Randall
  • Land Assessment  $96,500
  • Improvements  $339,300
  • Total Assessment  $435,800
  • Net Taxes  $10,088
  • Assessment Year  2018
  • Tax Year  2017
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  DR2
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.07
  • Source for Est. Total Acres  Othr
    • UNIT INFORMATION  
  • Unit 1  Balcony/patio, Dishwasher, Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator
  • Unit 2  Balcony/patio, Dishwasher, Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator
  • Unit 3  
  • Unit 4  
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 4 1 0 08/14/2020 $1850 1,300 1 Space No No Yes
    2 3 1 0 08/14/2019 $1645 1,300 1 Space No No Yes
    3 0 0 0 - $0 0 - - - -
    4 0 0 0 - $0 0 - - - -
    Items Included 2 stoves, 2 refrigerators, 2 dishwashers
    Items Excluded  seller/tenant personal property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full
    • EXTERIOR FEATURES  
  • Type   2 flat, Apartment building
  • Parking per Unit  2 spaces, Outside
  • Barrier-free Features  
  • Exterior  Aluminum/Steel, Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit
  • Legal Documents  Lease(s) on file, Limitd Home/Bldr Warranty
  • Miscellaneous  Close to bus line, Shared laundry



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Exp Realty, Llc