MLS Public Remarks Great investment property with strong rental income located in a convenient East Towne neighborhood with single family homes. 8.4 cap rate. Many updates (see update sheet in doc's). Long term tenants are currently mo-mo but both tenants willing to sign yearly lease. In 2014, 2811 lower level was remodeled & has egress 4th BR, full kitchen & LR along with separate entrance for added income. Huge deck and large storage building. Room measurements are approx, verify if important.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions East Washington Ave To Columbus La To Right On Independence La To Right On Armistice La To Left On Victoria La To Property
Number of Units 2
Year Built 1972
# Furnaces 2
Heating Type ForcAir
Heating Fuel Nat Gas
# Water Heaters 2
# Water Softeners 2
# Stoves 3
# Refrigerators 3
# Dish Washers 2
# Washers 2
# Dryers 2
# Units w/AC 2
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 0
Number of 3+ Bedrooms 2
Total Income 0
Total Expenses 8160
Net Operating Inc 33840
Year 2019
School District Madison
High School East
Middle Sherman
Elementary Sandburg
Land Assessment $61,300
Improvements $277,900
Total Assessment $339,200
Net Taxes $6,921
Assessment Year 2020
Tax Year 2019
Owner
Zoning SR-C3
Subdivision Sanford Holiday Bluff
Name of Lake/River
Est. Total Acres 0.21
Source for Est. Total Acres PubR
Unit 1 Air conditioning, Dining room, Dishwasher, Eat-in kitchen, Fireplace, In-unit laundry, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Washer/dryer, Wood or sim. wood floor
Unit 2 Air conditioning, Dining room, Dishwasher, Eat-in kitchen, Family/Rec. room, In-unit laundry, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Washer/dryer, Wood or sim. wood floor
Unit 3
Unit 4
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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 |
3 |
1 |
1 |
Mo-mo |
$1650 |
1,740 |
1 Car Garage |
No |
No |
No |
2 |
4 |
1 |
1 |
Mo-mo |
$1850 |
2,412 |
1 Car Garage |
No |
No |
No |
3 |
0 |
0 |
0 |
- |
$0 |
0 |
- |
- |
- |
- |
4 |
0 |
0 |
0 |
- |
$0 |
0 |
- |
- |
- |
- |
Items Included 3 refrigerators, 3 range/oven, 2 microwaves, 2 dishwashers, 3 disposals, 1 water softener for 2809 Victoria, 2 washers/2 dryers
Items Excluded Tenants & Sellers personal property. 2811 Victoria water softener is rented
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full, Full Size Windows/Exposed, Partially finished, Poured Concrete Foundation, Walkout
Type Duplex
Parking per Unit 1 Car garage, Attached, Opener inc
Barrier-free Features
Exterior Vinyl
Waterfront
Terms
Utilities Sep elec meters each unit, Sep gas meters each unit, Separate water meters
Legal Documents Condition report on file, Income/Exp Report Avail, Lease(s) on file
Miscellaneous Close to bus line, Fenced yard, Water Softener Owned, Water Softener Rented
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Slinde Realty Company