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2330-2334 Allied Dr,  Madison,  WI  53711 $815,000 Sold
2330-2334 Allied Dr,  Madison,  WI  53711
$815,000
Sold
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 Property Type Multi Family
 Parcel # Multiple
 County Dane
 Sub Area W10
 Municipality Madison
 MLS# 1936628
 Listing Date 06/08/2022
 Sold Price $792,000
 Close Date 08/23/2022 12:00 AM

MLS Public Remarks  Eight condo units in one brick building within a 70-unit condo association. Each unit has: two bedrooms, separate gas furnace and water heater, and two assigned parking stalls in expanded lot. By owning condo units, the investor has limited expenses with condo dues covering: unit gas, water/sewer, unit inside insurance (not liability), upkeep of common areas, and repair or replacement of exterior building components. Rent roster and income & expenses in MLS docs for agents. Condo docs allow rentals (see Rules & Regs). Leases to summer of 2023 and annual income of $90,120. Units are rented, so a minimum of 48 hours notice on a weekday. No showings on Sundays.
Documents and Related Links  
* 2 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Red Arrow Trail, Right On Thurston, Left On Allied Dr.
    • BUILDING INFO  
  • Number of Units  8
  • Year Built  1964
  • # Furnaces  8
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  8
  • # Water Softeners  0
  • # Stoves  8
  • # Refrigerators  8
  • # Dish Washers  0
  • # Washers  0
  • # Dryers  0
  • # Units w/AC  8
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  8
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  2023
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  Memorial
  • Middle  Call School District
  • Elementary  Call School District
  • Land Assessment  $33,600
  • Improvements  $440,000
  • Total Assessment  $473,600
  • Net Taxes  $7,800
  • Assessment Year  2022
  • Tax Year  2021
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  SR-V1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.0
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Air conditioning, Eat-in kitchen, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 2  Air conditioning, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 3  Air conditioning, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 4  Air conditioning, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
    • 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 6-30-23 $915 720 2 Space No Yes No
    2 2 1 0 5-31-23 $975 720 2 Space No Yes No
    3 2 1 0 6-30-23 $940 720 2 Space No Yes No
    4 2 1 0 6-30-23 $950 720 2 Space No Yes No
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured Concrete Foundation
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  2 spaces
  • Barrier-free Features  
  • Exterior  Brick
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit
  • Legal Documents  Joint driveway agreement, Lease(s) on file, Restrictions/Covenants
  • Miscellaneous  Close to bus line, Shared laundry, Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Meyer Realty & Management Inc