MLS Public Remarks NEW ROOF & GUTTERS 5/2022! With lease extensions, gross rents are nearly <$93,300/year and owner believes they could be increased. Laundry is leased to a local laundry service for additional income without the headache of maintaining laundry machines. Well-maintained, money making, 8-unit apartment building for less than $116,500/unit. Each unit includes 2-bedrooms, 1 bathroom, kitchen, living room, storage, and assigned parking. Conveniently close to Warner Park, Willy Street Coop, multiple restaurants, and the beautiful Lake Mendota.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Sherman Avenue North To Left On Trailsway To Left On Calypso
Number of Units 8
Year Built 1965
# Furnaces 1
Heating Type Rad Elec
Heating Fuel Nat Gas
# Water Heaters 1
# Water Softeners 1
# Stoves 8
# Refrigerators 8
# Dish Washers 8
# Washers 0
# Dryers 0
# Units w/AC 8
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 8
Number of 3+ Bedrooms 0
Total Income 0
Total Expenses 0
Net Operating Inc 0
Year
School District Madison
High School East
Middle Sherman
Elementary Emerson
Land Assessment $41,000
Improvements $532,000
Total Assessment $573,000
Net Taxes $12,233
Assessment Year 2021
Tax Year 2021
Owner
Zoning SR-V1
Subdivision
Name of Lake/River
Est. Total Acres 0.28
Source for Est. Total Acres PubR
Unit 1
Unit 2
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 |
2 |
1 |
0 |
10/31/23 |
$950 |
700 |
1 Space |
No |
Yes |
Yes |
| 2 |
2 |
1 |
0 |
6/30/23 |
$939 |
700 |
1 Space |
No |
Yes |
Yes |
| 3 |
2 |
1 |
0 |
6/30/22 |
$929 |
700 |
1 Space |
No |
Yes |
Yes |
| 4 |
2 |
1 |
0 |
8/31/23 |
$965 |
700 |
1 Space |
No |
Yes |
Yes |
Items Included 8 stoves, 8 refrigerators, 8 dishwashers, 8 disposals
Items Excluded Personal property of the seller and/or tenants
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full, Poured Concrete Foundation, Sump pump
Type 2 story, Apartment building
Parking per Unit 1 space
Barrier-free Features
Exterior Aluminum/Steel, Brick
Waterfront
Terms
Utilities Sep elec meters each unit
Legal Documents Condition report on file, Income/Exp Report Avail, Lease(s) on file
Miscellaneous
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Investment Realty Services Llc
