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2314-18/2322-26 Allied Dr,  Madison,  WI  53711 $1,100,000 Expired
2314-18/2322-26 Allied Dr,  Madison,  WI  53711
$1,100,000
Expired
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 Property Type Multi Family
 Parcel # Multiple
 County Dane
 Sub Area W10
 Municipality Madison
 MLS# 1892002
 Listing Date 08/21/2020

MLS Public Remarks  Westside, two brick 8-units side-by-side. Solid construction, each unit has separate utilities with individual heating systems, water heaters, and electric meters. All 2 bedroom apartments with identical floor plans, 750 sq. ft. and one bath. Recent improvements: re-shingled roofs with new gutters, attic insulation added to R-38, 16 bathroom vent fans. All heating systems checked and many replaced. Condition of the apartments vary and many need remodeling. Current rents for the 16-units is $ 12,460/mo. or 7.45 GRM with tenants paying heat, gas for hot water and electric. Excellent potential with today's low interest rates. One apartment is vacant to show at 2326 Allied, Apt # 2. Please wear masks.
Documents and Related Links  
* 3 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Verona Exit Off W Beltline, Take 1st Exit By Home Depot But Turn Left At Light. Go Through Round-About, 1 Block Ahead To Allied.
    • BUILDING INFO  
  • Number of Units  16
  • Year Built  1964
  • # Furnaces  16
  • Heating Type  1 Other
  • Heating Fuel  Nat Gas
  • # Water Heaters  16
  • # Water Softeners  0
  • # Stoves  16
  • # Refrigerators  16
  • # Dish Washers  0
  • # Washers  0
  • # Dryers  0
  • # Units w/AC  10
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  16
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  2020
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  Memorial
  • Middle  Call School District
  • Elementary  Call School District
  • Land Assessment  $176,000
  • Improvements  $496,000
  • Total Assessment  $672,000
  • Net Taxes  $14,084
  • Assessment Year  2020
  • Tax Year  2019
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  SR-V1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.74
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 2  Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 3  Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 4  Eat-in kitchen, Individual heat control, Range/oven, Refrigerator
    • 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 Mo-to-Mo $770 750 1 Space No No Yes
    2 2 1 0 Mo-to-Mo $830 750 1 Space No No Yes
    3 2 1 0 Mo-to-Mo $830 750 1 Space No No Yes
    4 2 1 0 Mo-to-Mo $750 750 1 Space No No Yes
    Items Included 16 stoves, 16 refrigerators, most have wall type A/C.
    Items Excluded  Personal property of tenants, washer/dryer (1).
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  Energy Assessment Avail.
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured Concrete Foundation
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  1 space, Outside
  • Barrier-free Features  
  • Exterior  Brick
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit
  • Legal Documents  Condition report on file, Income/Exp Report Avail, Joint driveway agreement, Lease(s) on file
  • Miscellaneous  Close to bus line



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Meyer Realty & Management Inc