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 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
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
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 0
Number of 3+ Bedrooms 2
Total Income 0
Total Expenses 0
Net Operating Inc 0
Year
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
Zoning SR-V2
Subdivision
Name of Lake/River
Est. Total Acres 2.25
Source for Est. Total Acres PubR
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
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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 |
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
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water, Well
Basement Full, Walkout
Type 2 story
Parking per Unit 1 Car garage, 2 Car garage, Attached, Detached
Barrier-free Features
Exterior Vinyl
Waterfront
Terms
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