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2330-2350 Allied Dr,  Madison,  WI  53711 $1,870,000 Expired
2330-2350 Allied Dr,  Madison,  WI  53711
$1,870,000
Expired
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 Property Type Multi Family
 Parcel # Multiple
 County Dane
 Sub Area W10
 Municipality Madison
 MLS# 1913623
 Listing Date 06/28/2021

MLS Public Remarks  Investors: Package of 17, two-bedroom, rental condo units, within a 70-unit Condo Association. The 17 units are in three contiguous buildings: 2330-2334 Allied Dr (8 units), 2338-2342 Allied Dr (6 units) and 2346-2350 Allied Dr (3 units), Madison, WI. All have the same floor plan with 775 sqft and 1 bath. Condo Association has leased laundry in basements. The blacktop parking lots were expanded and resurfaced allowing 2 assigned stalls per unit. Association allows rentals, with lease term longer than 6 months. Association dues are $145/mo plus $50/mo more for gas heating. Rental income is $14,785/mo and 14 units are leased to summer of 2022.
Documents and Related Links  
* 4 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Verona Rd, Exit Onto Williamsburg Way, South Over Bridge, L On Frontage Rd (towards Madison). 2 Long Blocks, L On Carling, 1 Block Then R Onto Allied.
    • BUILDING INFO  
  • Number of Units  17
  • Year Built  1964
  • # Furnaces  13
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  17
  • # Water Softeners  3
  • # Stoves  17
  • # Refrigerators  17
  • # Dish Washers  0
  • # Washers  0
  • # Dryers  0
  • # Units w/AC  17
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  17
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  2021
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  Memorial
  • Middle  Call School District
  • Elementary  Call School District
  • Land Assessment  $76,279
  • Improvements  $812,121
  • Total Assessment  $888,400
  • Net Taxes  $17,337
  • Assessment Year  2021
  • Tax Year  2020
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  SR-V1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.0
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Air conditioning, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 2  Air conditioning, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 3  Air conditioning, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 4  Air conditioning, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
    • 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 6-30-22 $885 775 2 Space No Yes Yes
    2 2 1 0 6-30-22 $815 775 2 Space No Yes Yes
    3 2 1 0 7-31-22 $915 775 2 Space No Yes Yes
    4 2 1 0 5-31-22 $815 775 2 Space No Yes Yes
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured Concrete Foundation
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  2 spaces
  • Barrier-free Features  
  • Exterior  Brick
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  Condition report on file, Lease(s) on file, Restrictions/Covenants
  • Miscellaneous  Close to bus line, Shared laundry, Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Meyer Realty & Management Inc