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1906 E Washington Ave,  Madison,  WI  53704 $429,000 Sold
1906 E Washington Ave,  Madison,  WI  53704
$429,000
Sold
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 Property Type Multi Family
 Parcel # 2510-710-0722-3
 County Dane
 Sub Area E01
 Municipality Madison
 MLS# 1886764
 Listing Date 06/25/2020
 Sold Price $429,000
 Close Date 08/03/2020 12:00 AM

MLS Public Remarks  Rare opportunity to get instant equity in the coveted East Washington Ave Corridor. This well maintained property has several updates. Including upgraded main electrical service. Property has two 2 bedrooms, and one 3 bedroom apartment with long term residents. Off street parking area has 6 dedicated parking spaces. Priced to sell at current tax assessed value. Plenty of potential to redevelop or use as is. Property is zoned up to 7 units. Basement area with service access from common hallway. Coin op laundry. Rents are below market due to long term residents. Utilities could easily be cost allocated to reduce expenses. Each apartment has a private deck. All prospects must submit POF or lender Pre-Approval to agent before access will be granted.
Documents and Related Links  
1) Real Estate Condition Report
2) Addendum S - Lead Based Paint
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Corner Of E. Washington Ave And First St.
    • BUILDING INFO  
  • Number of Units  3
  • Year Built  1904
  • # Furnaces  2
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  1
  • # Water Softeners  1
  • # Stoves  4
  • # Refrigerators  3
  • # Dish Washers  0
  • # 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  2
  • Number of 3+ Bedrooms  1
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  East
  • Middle  Call School District
  • Elementary  Call School District
  • Land Assessment  $100,000
  • Improvements  $329,000
  • Total Assessment  $429,000
  • Net Taxes  $9,598
  • Assessment Year  2019
  • Tax Year  2019
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  G1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.15
  • Source for Est. Total Acres  Othr
    • UNIT INFORMATION  
  • Unit 1  Balcony/patio, Dining room, Family/Rec. room, Range/oven, Refrigerator, Wood or sim. wood floor
  • Unit 2  Balcony/patio, Dining room, Family/Rec. room, Range/oven, Refrigerator, Wood or sim. wood floor
  • Unit 3  Balcony/patio, Dining room, Family/Rec. room, Range/oven, Refrigerator, Wood or sim. wood floor
  • Unit 4  
    • 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 MTM $1200 900 2 Space Yes Yes Yes
    2 2 1 0 MTM $1150 900 2 Space Yes Yes Yes
    3 3 1 0 7/31/2020 $1230 900 2 Space Yes Yes Yes
    4 0 0 0 - $0 0 - - - -
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Block Foundation, Full, Other Foundation
    • EXTERIOR FEATURES  
  • Type   3 story, Apartment building
  • Parking per Unit  Outside
  • Barrier-free Features  
  • Exterior  Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  
  • Legal Documents  Condition report on file, Lease(s) on file
  • Miscellaneous  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Century 21 Affiliated