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601 S Orchard St,  Madison,  WI  53715 $525,000 Sold
601 S Orchard St,  Madison,  WI  53715
$525,000
Sold
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 Property Type Multi Family
 Parcel # 0709-224-4016-3
 County Dane
 Sub Area W14
 Municipality Madison
 MLS# 1933372
 Listing Date 05/04/2022
 Sold Price $580,000
 Close Date 06/17/2022 12:00 AM

MLS Public Remarks  Fantastic 3-unit investment opportunity in popular Vilas/Greenbush - near zoo, parks, lakes, UW-Madison and much more. Beautiful hardwood floors and great floor plans. Unit 1 - 2BD/1BA - $1,100, Unit 2 - 3BD/1BA - $1,500/mo, Unit B - 1BD/1BA - $1,000/mo. All current leases expire 8/14/2022 to give the new owner an opportunity to get rents to market rate.
Documents and Related Links  
1) Addendum S
2) RECR
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  (n) Park St. To (w) On Emerald To Orchard
    • BUILDING INFO  
  • Number of Units  3
  • Year Built  1925
  • # Furnaces  1
  • Heating Type  Steam
  • Heating Fuel  Nat Gas
  • # Water Heaters  1
  • # Water Softeners  1
  • # Stoves  3
  • # Refrigerators  3
  • # Dish Washers  0
  • # Washers  1
  • # Dryers  1
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  1
  • Number of 2 Bedrooms  1
  • Number of 3+ Bedrooms  1
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  West
  • Middle  Hamilton
  • Elementary  Franklin/Randall
  • Land Assessment  $54,600
  • Improvements  $422,800
  • Total Assessment  $477,400
  • Net Taxes  $10,178
  • Assessment Year  2021
  • Tax Year  2021
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  TR-C3
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.07
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • 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 08/14/22 $1100 900 Street No No No
    2 3 1 0 08/14/22 $1500 900 Street No No No
    3 1 1 0 08/14/22 $1000 788 Street No No No
    4 0 0 0 - $0 0 - - - -
    Items Included refrigerators (3), oven/range (3), washer (1), dryer (1), water softener (1)
    Items Excluded  Seller's and/or tenant's personal property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Finished, Full
    • EXTERIOR FEATURES  
  • Type   2 flat, 2 story, Apartment building
  • Parking per Unit  None
  • Barrier-free Features  
  • Exterior  Stucco
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  
  • Miscellaneous  Shared laundry, Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of The Hub Realty