MLS Public Remarks 16 unit apartment on Madison's east side for sale. There are 2 buildings with 8 two bedroom & 1 bathroom apartments in each building. Both are fully leased with an annual gross income of $163,630 with tenants paying heat & electric. Onsite parking, shared laundry and only 5 minutes from East Towne Mall.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Take N. Stoughton Rd To Commercial Ave, Continue On Commercial Ave. Left On Nakoosa Trail, Right On Brandie Rd.
Number of Units 16
Year Built 1973
# Furnaces 16
Heating Type ForcAir
Heating Fuel Nat Gas
# Water Heaters 18
# Water Softeners 4
# Stoves 16
# Refrigerators 16
# Dish Washers 7
# Washers 4
# Dryers 4
# Units w/AC 16
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 16
Number of 3+ Bedrooms 0
Total Income 0
Total Expenses 0
Net Operating Inc 0
Year 2019
School District Madison
High School Lafollette
Middle Whitehorse
Elementary Schenk
Land Assessment $118,000
Improvements $892,000
Total Assessment $1,010,000
Net Taxes $21,284
Assessment Year 2019
Tax Year 2019
Owner
Zoning SR-V1
Subdivision
Name of Lake/River
Est. Total Acres 0.81
Source for Est. Total Acres PubR
Unit 1 Air conditioning, Balcony/patio, Dining room, Range/oven, Refrigerator, Separate Storage Unit Inc, Washer/dryer
Unit 2 Air conditioning, Balcony/patio, Dining room, Dishwasher, Range/oven, Refrigerator, Separate Storage Unit Inc, Washer/dryer
Unit 3 Air conditioning, Balcony/patio, Dining room, Dishwasher, Range/oven, Refrigerator, Separate Storage Unit Inc, Washer/dryer
Unit 4 Air conditioning, Balcony/patio, Dining room, Dishwasher, Range/oven, Refrigerator, Separate Storage Unit Inc
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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 |
10/31/2019 |
$810 |
900 |
1 Space |
No |
No |
Yes |
2 |
2 |
1 |
0 |
8/31/2020 |
$800 |
900 |
1 Space |
No |
No |
Yes |
3 |
2 |
1 |
0 |
7/31/2020 |
$770 |
900 |
1 Space |
No |
No |
Yes |
4 |
2 |
1 |
0 |
10/31/2019 |
$830 |
900 |
1 Space |
No |
No |
Yes |
Items Included 16 ranges,16 Refrigerators,4wash/4 dryers, 16 A/C units, 16 Furnaces, 18 water heaters, 4 water softeners, 7dishwashers, & all other property own
Items Excluded Personal property owned by tenant(s)
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full
Type Apartment building
Parking per Unit 1 space
Barrier-free Features
Exterior Brick, Vinyl
Waterfront
Terms
Utilities Sep elec meters each unit, Sep gas meters each unit
Legal Documents
Miscellaneous Close to bus line, Shared laundry, Water Softener Owned
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Madison Property Management, Inc.