MLS Public Remarks Ready to get into the action of generating passive income from rental property, or add another amazing asset to your portfolio? This fully leased 4 plex on Madison's Booming Westside boasts a great rental history and many updates and improvements. 3 of the Apartments feature recently updated LVP, Tile & Vinyl flooring, kitchens, appliances, bathrooms, shower surrounds, toilets, and vanities! Sensible and spacious floor plans feature beautiful original hardwood floors and woodwork. Each unit has one off street parking space and their own storage area in the basement. This property is close to some of the areas major employers and the proximity to the bus line and primary commuter roads make this a really desirable living location! Add in walking distance to the Arboretum and WOW! So great!
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Hwy 12/18 West, Take Seminole Hwy Exit And Turn Left On Lumley Rd
Number of Units 4
Year Built 1953
# Furnaces 4
Heating Type ForcAir
Heating Fuel Nat Gas
# Water Heaters 4
# Water Softeners 0
# Stoves 4
# Refrigerators 4
# Dish Washers 3
# Washers 1
# Dryers 1
# Units w/AC 4
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 4
Number of 3+ Bedrooms 0
Total Income 0
Total Expenses 0
Net Operating Inc 0
Year
School District Madison
High School West
Middle Cherokee
Elementary Thoreau
Land Assessment $103,000
Improvements $265,000
Total Assessment $368,000
Net Taxes $7,826
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 Air conditioning, Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator
Unit 2 Air conditioning, Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator
Unit 3 Air conditioning, Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator
Unit 4 Air conditioning, Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator
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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 |
06/30/23 |
$1095 |
1,020 |
1 Space |
No |
No |
Yes |
| 2 |
2 |
1 |
0 |
04/30/23 |
$965 |
1,020 |
1 Space |
No |
No |
Yes |
| 3 |
2 |
1 |
0 |
02/28/23 |
$1065 |
1,020 |
1 Space |
No |
No |
Yes |
| 4 |
2 |
1 |
0 |
06/30/23 |
$1090 |
1,020 |
1 Space |
No |
No |
Yes |
Items Included 4 Stoves, 4 Refrigerators, 4 Furnaces, 4 A/C Units, 3 Portable Dishwashers, 1 Washer, 1 Dryer
Items Excluded Sellers or tenants Personal Belongings
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full, Poured Concrete Foundation
Type Apartment building
Parking per Unit Outside
Barrier-free Features
Exterior Brick
Waterfront
Terms
Utilities Sep elec meters each unit, Sep gas meters each unit
Legal Documents Income/Exp Report Avail, Lease(s) on file
Miscellaneous Close to bus line, Shared laundry
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Re/Max Preferred
