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 Property Type Multi Family
 Parcel # 081032312027
 County Dane
 Sub Area E04
 Municipality Madison
 MLS# 1888805
 Listing Date 07/20/2020

MLS Public Remarks  Rare, FULLY APPROVED, turn-key new development opportunity on Madison's near east side in an existing opportunity zone. Own ~2 acres, 2 existing remodeled homes AND full city/neighborhood approval for an incremental 24 units on site. Price includes all land, both remodeled homes, all city/neighborhood approvals, in-place architect, all drawings, GC (if desired) & a building permit waiting at the City office. The deal is packaged & ready to go for a buyer/developer that wants to skip the city/neighborhood approval process & hit the ground running in a popular & fast growing east side neighborhood. Also listed as 2 single family homes (MLS 1888803 & MLS 1888804), business/commercial (MLS 1888807), and lots/acreage (MLS 1888806). Two parcels included in sale (081032312035 & 081032312027)
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  East On E. Washington, Left On Mccormick Ave, Right On Commercial Ave
  • BUILDING INFO  
  • Number of Units  2
  • Year Built  1925
  • # Furnaces  2
  • Heating Type  Rad Elec
  • Heating Fuel  Propane
  • # Water Heaters  2
  • # Water Softeners  2
  • # Stoves  2
  • # Refrigerators  2
  • # Dish Washers  2
  • # Washers  2
  • # Dryers  2
  • # 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  0
  • Year  
  • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  East
  • Middle  Sherman
  • Elementary  Emerson
  • Land Assessment  $120,800
  • Improvements  $371,200
  • Total Assessment  $492,000
  • Net Taxes  $10,884
  • Assessment Year  2020
  • Tax Year  2019
  • Owner  
  • LOT DESCRIPTION  
  • Zoning  SR-V2
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  2.25
  • Source for Est. Total Acres  PubR
  • UNIT INFORMATION  
  • Unit 1  Dining room, Dishwasher, Family/Rec. room, In-unit laundry, Individual heat control, Range/oven, Refrigerator, Washer/dryer, Wood or sim. wood floor
  • Unit 2  Balcony/patio, Dining room, Dishwasher, Family/Rec. room, Fireplace, In-unit laundry, Individual heat control, Range/oven, Refrigerator, Washer/dryer, Wood or sim. wood floor
  • 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 3 1 0 08/14/2020 $1495 1,100 2 Car Garage No No No
    2 4 1 0 vacant $0 1,665 2 Car Garage No No No
    3 0 0 0 - $0 0 - - - -
    4 0 0 0 - $0 0 - - - -
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water, Well
  • Basement  Full, Walkout
  • EXTERIOR FEATURES  
  • Type   2 story
  • Parking per Unit  1 Car garage, 2 Car garage, Attached, Detached
  • Barrier-free Features  
  • Exterior  Vinyl
  • Waterfront  
  • Terms  
  • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit, Separate water meters
  • Legal Documents  Lease(s) on file
  • Miscellaneous  Close to bus line, Water Softener Owned



  • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of The Hub Realty