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5826 Balsam Rd,  Madison,  WI  53711 $490,000 Sold
5826 Balsam Rd,  Madison,  WI  53711
$490,000
Sold
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 Property Type Multi Family
 Parcel # 0609-062-0318-2
 County Dane
 Sub Area W09
 Municipality Madison
 MLS# 1938237
 Listing Date 06/29/2022
 Sold Price $495,000
 Close Date 08/22/2022 12:00 AM

MLS Public Remarks  A solid 5-unit building w/strong rental history, rents for 4 units are below market level. Apt 5 $975 (potential rent, has new windows installed, kitchen cabs, BA fixtures, appls, & other materials all incl) was previously rented & remodel started-open to finish & increase income by ~25%, cost for remodel is in the listing price. Many updates made to make this an attractive home for tenants w/very low maintenance. New roof, vinyl siding, facia, & gutters 5 yrs ago. New carpet & vinyl flrs - unit 3, new carpet 3 yrs ago. New vanity & sink in all BA, mostly new faucets throughout. New appls (stove/fridge), sinks & backsplash in kitchens (5-6 yrs ago) & some garbage disposals changed. This is a well-running investment, make instant income & option to increase income w/rent increases & 5th apt
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  Raymond To Leland To Balsam
    • BUILDING INFO  
  • Number of Units  5
  • Year Built  1959
  • # Furnaces  4
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  0
  • # Water Softeners  0
  • # Stoves  5
  • # Refrigerators  5
  • # Dish Washers  0
  • # Washers  0
  • # Dryers  0
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  1
  • Number of 2 Bedrooms  4
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  Memorial
  • Middle  Toki
  • Elementary  Orchard Ridge
  • Land Assessment  $103,000
  • Improvements  $262,000
  • Total Assessment  $365,000
  • Net Taxes  $7,761
  • Assessment Year  2021
  • Tax Year  2021
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  R4
  • Subdivision  Meadowood
  • Name of Lake/River  
  • Est. Total Acres  0.37
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Family/Rec. room, Range/oven, Refrigerator
  • Unit 2  Range/oven, Refrigerator
  • Unit 3  Range/oven, Refrigerator
  • Unit 4  Range/oven, Refrigerator
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 1 1 0 Mo to Mo $790 0 1 Space No No Yes
    2 2 1 0 Mo to Mo $835 0 1 Space No No Yes
    3 2 1 0 Mo to Mo $860 0 1 Space No No Yes
    4 2 1 0 Year Lease $860 0 1 Space No No Yes
    Items Included Unit 1- Range/Oven, Refrigerator Unit 2- Range/Oven, Refrigerator Unit 3- Range/Oven, Refrigerator Unit 4- Range/Oven, Refrigerator
    Items Excluded  Seller and Tenants personal property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Block Foundation, Full
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  1 space, Outside
  • Barrier-free Features  
  • Exterior  Brick, Stone
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit
  • Legal Documents  Lease(s) on file
  • Miscellaneous  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Restaino & Associates Era Powered