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Paula Dollard
Mobile: (608) 469-3374
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722-728 Brandie Rd,  Madison,  WI  53714 $1,699,999 Sold
722-728 Brandie Rd,  Madison,  WI  53714
$1,699,999
Sold
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 Property Type Business/Commercial
 Parcel # Multiple
 County Dane
 Sub Area E08
 Municipality Madison
 MLS# 1933666
 Listing Date 05/04/2022
 Sold Price $1,800,000
 Close Date 07/13/2022 12:00 AM

MLS Public Remarks  16 unit apartment complex, 2 buildings. Fully leased, 2 bedroom/1 bath ( Some on to M , Some on Leases (see docs) recently remodeled in last 5 years. 8 units per building, annual gross income $173,300. Tenants pay electric. Onsite parking, new roof put on in 2016 and new windows in most. New Gutters put on in 2020. Replaced 12 furnaces in 722 (2012) in Building 726 7 furnaces in (2012), each building remodeled with new kitchen cabinets, sinks, vanity in bathroom, ceiling fans, counters, between 2016 and 2020. In 2021 water heaters were checked and 6 were replaced. Intercom in each apartment for front Foyer. 2022 Updated security lighting installed. 48 Hour Tenant Notice for all viewings.
Documents and Related Links  
1) Income
* 4 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Stoughton Rd To Commercial Ave, Left On Nakoosa Trail, Right On Brandie Rd
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  2
  • Building Gross SqFt  10,830
  • Net Leasable SqFt  0
  • Year Built  1973
  • Source for Year Built  PubR
  • Approx Bldg Dimen  0
  • Street Frontage  0
  • Parking Fees/Mo.  $0
  • Onsite Parking  0
  • # of Stories  0
  • Ceiling Height Min  0
  • Ceiling Height Max  0
  • Number of Loading Docks  0
  • Zoning  SR-V1
  • Est. Total Acres  0.0
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $122,000
  • Assessment Year  2022
  • Net Taxes  $27,600
  • Tax Year  2021
  • Improvements  $1,426,000
  • Total Assessment  $1,548,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,021
  • Gross Operating Income  $173,300
  • Annual Operating Exp  $0
  • Net Operating Income  $173,300
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 mo to mo 2022 0 $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 16 Ranges, 16 Refrigerators, 16 A/C units, 16 Furnaces, 16 Water Heaters, 4 Water Softeners
    Items Excluded  Personal property owned by tenants
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air, Wall AC, Wall Furnace, Window AC
  • Water/Waste  Municipal water
  • Basement  Full, Poured concrete foundatn
  • Fuel  Electric
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Apartment building
  • Exterior Treatment  Concrete, Vinyl
  • Building Parking  Onsite, Paved, Shared
  • Roofing  Other, Tar & gravel
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Accessibility docs, P & L statement
  • Location  Corner, Near public transportatn, Residential area
  • Tenant Pays  Electric
  • Present Use  Apartment building
  • Licenses  
  • Lease Type  Month to month
  • Occupied by  Tenant(s)
  • Sale Includes  Equipment, Lease(s)
  • Features  Outside storage, Rail, Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Restaino & Associates Era Powered