MLS Public Remarks Remarkable potential CASH FLOWING OPPORTUNITY to own 2 adjacent 4 unit townhouse bldgs w/ courtyard, patios & long term tenants. Fair market rents are $1000-$1100+/mo/2Bd & $1100-$1200+/mo/3Bd. Additional improvements will result in even greater net income.Well maintained bldgs are adjacent to single family homes, Meadowood park, Community Gardens, playground & at end of street w/ free parking. Seller updates include: newer appliances, flooring, windows, mechanicals, 12'x14' outdoor patios in courtyard. 3 of 4 units leased till 2021; great opportunity for immediate owner occupancy. Perfect location on Westside; just minutes from EPIC, Exact Sciences, Promega, Downtown, UW hospitals, EPIC, Middleton & Verona.Own 8 units: Easy maintenance, long term investment, cash flow & tax deductions.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Hwy 12/18, South On Hwy 18/151. Turn West Onto Raymond Rd, Left On Leland Dr, Right Onto Balsam Rd, Property At End On Left. Park On Thrush Ln.
Number of Units 4
Year Built 1964
# Furnaces 4
Heating Type ForcAir
Heating Fuel Nat Gas
# Water Heaters 4
# Water Softeners 4
# Stoves 4
# Refrigerators 4
# Dish Washers 4
# Washers 4
# Dryers 3
# Units w/AC 4
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 2
Number of 3+ Bedrooms 2
Total Income 0
Total Expenses 0
Net Operating Inc 0
Year
School District Madison
High School Memorial
Middle Toki
Elementary Orchard Ridge
Land Assessment $86,000
Improvements $219,000
Total Assessment $305,000
Net Taxes $6,462
Assessment Year 2020
Tax Year 2019
Owner
Zoning SR-V1
Subdivision Meadowood
Name of Lake/River
Est. Total Acres 0.22
Source for Est. Total Acres PubR
Unit 1 Air conditioning, Balcony/patio, Dishwasher, Eat-in kitchen, Family/Rec. room, In-unit laundry, Individual heat control, Pantry, Range/oven, Refrigerator, Separate Storage Unit Inc, Washer/dryer, Wood or sim. wood floor
Unit 2 Air conditioning, Balcony/patio, Dishwasher, Eat-in kitchen, Family/Rec. room, In-unit laundry, Individual heat control, Pantry, Range/oven, Refrigerator, Separate Storage Unit Inc, Washer/dryer, Wood or sim. wood floor
Unit 3 Air conditioning, Balcony/patio, Dishwasher, Eat-in kitchen, Family/Rec. room, In-unit laundry, Individual heat control, Pantry, Range/oven, Refrigerator, Separate Storage Unit Inc, Washer/dryer, Wood or sim. wood floor
Unit 4 Air conditioning, Balcony/patio, Dishwasher, Eat-in kitchen, Family/Rec. room, In-unit laundry, Individual heat control, Pantry, Range/oven, Refrigerator, Separate Storage Unit Inc, Washer/dryer, Wood or sim. wood floor
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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 |
1 |
08/31/2021 |
$785 |
925 |
1 Space |
No |
No |
No |
| 2 |
3 |
1 |
1 |
vacant |
$0 |
1,202 |
2 Space |
No |
No |
No |
| 3 |
3 |
1 |
1 |
9/30/2020 |
$1030 |
1,202 |
2 Space |
No |
No |
No |
| 4 |
2 |
1 |
1 |
08/14/2021 |
$745 |
925 |
1 Space |
No |
No |
No |
Items Included Refrigerators (4), stoves/ovens (4), dishwashers (4), disposals (4), washers (4), electric dryers (3), shed, furnaces (4), water heaters (4), water softeners (4), A/C wall units (4), outdoor parking spaces (6)
Items Excluded Seller and Tenants' personal belongings
Energy Efficient/Green Features Energy Star Appliance(s), Low E Windows, WI Energy Star Cert.
Water/Waste Municipal sewer, Municipal water
Basement Full, Partially finished, Poured Concrete Foundation
Type 2 story
Parking per Unit 1 space, 2 spaces, Outside
Barrier-free Features
Exterior Brick, Wood
Waterfront
Terms
Utilities Sep elec meters each unit, Sep gas meters each unit, Separate water meters
Legal Documents Condition report on file, Joint driveway agreement, Lease(s) on file, Restrictions/Covenants
Miscellaneous Close to bus line, Water Softener Owned
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of First Weber Inc
