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854 E Gorham St,  Madison,  WI  53703 $460,000 Sold
854 E Gorham St,  Madison,  WI  53703
$460,000
Sold
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 Property Type Multi Family
 Parcel # 0709-132-0723-3
 County Dane
 Sub Area E01
 Municipality Madison
 MLS# 1917889
 Listing Date 08/19/2021
 Sold Price $460,000
 Close Date 11/05/2021 12:00 AM

MLS Public Remarks  Meticulously maintained 2-unit property with spacious floor plans, large windows, hardwood floors, high ceilings, and original woodwork. Walking distance to the lake, many local restaurants, coffee shops, a grocery store, and parks. Short jaunt by bus or bike to downtown and UW. Attracts tenants year-round, grossing $33,600 in annual income. Upgrades: interior paint ('21), landscaping ('21), unit 1 new range ('21), roof/gutters/downspouts ('18), unit 1 water heater ('20), washer/dryer ('18), unit 2 windows & storms ('17/'18). Allow 30 hour notice for showings.
Documents and Related Links  
1) Updates_Features
2) Real Estate Condition Report
3) Addendum S
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  East Gorham To Patterson St.
    • BUILDING INFO  
  • Number of Units  2
  • Year Built  1902
  • # Furnaces  2
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  2
  • # Water Softeners  0
  • # Stoves  2
  • # Refrigerators  2
  • # Dish Washers  0
  • # Washers  1
  • # Dryers  1
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  2
  • Number of 2 Bedrooms  0
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  East
  • Middle  OKeeffe
  • Elementary  Lapham/Marquette
  • Land Assessment  $98,500
  • Improvements  $395,600
  • Total Assessment  $494,100
  • Net Taxes  $10,200
  • Assessment Year  2021
  • Tax Year  2020
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  TR-C4
  • Subdivision  Prospect Place
  • Name of Lake/River  
  • Est. Total Acres  0.06
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Balcony/patio, Dining room, Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator, Shared Basement, Wood or sim. wood floor
  • Unit 2  Balcony/patio, Den/office, Dining room, Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator, Shared Basement, 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 1 1 0 9/1/2022 $1200 916 Street No No Yes
    2 1 1 0 7/31/2022 $1600 1,317 Street No No Yes
    3 0 0 0 - $0 0 - - - -
    4 0 0 0 - $0 0 - - - -
    Items Included Range/Oven (2), Refrigerator (2), Washer, Dryer, Kitchen island (unit 1), Water Softener
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Other Foundation
    • EXTERIOR FEATURES  
  • Type   2 flat
  • Parking per Unit  None
  • Barrier-free Features  
  • Exterior  Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit
  • Legal Documents  
  • Miscellaneous  Close to bus line, Shared laundry, Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Realty Executives Cooper Spransy