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1018 Gammon Ln,  Madison,  WI  53719 $790,000 Sold
1018 Gammon Ln,  Madison,  WI  53719
$790,000
Sold
 Property Type Multi Family
 Parcel # 070835101208
 County Dane
 Sub Area W08
 Municipality Madison
 MLS# 1945838
 Listing Date 10/21/2022
 Sold Price $755,000
 Close Date 01/10/2023 12:00 AM

MLS Public Remarks  This profit-producing five-unit building is a great opportunity. Four of the units are 2 bedroom apartments and one unit is been used as commercial office space for lease. Located in the popular Southwest of Madison. Residential units offer two bedrooms, one bathroom, a balcony, a combined dining and living room plus plenty of parking. The lower level space hosts a long-term tenant. The property generates great income and is easy to rent. The financials spreadsheet is available upon request.
Documents and Related Links  
1) RECR
2) ADD S
* 1 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Going South On S Gammon Rd, Turn Left On Gammon Lane
    • BUILDING INFO  
  • Number of Units  5
  • Year Built  1987
  • # Furnaces  0
  • Heating Type  Rad Elec
  • Heating Fuel  Elec
  • # Water Heaters  5
  • # Water Softeners  4
  • # Stoves  4
  • # Refrigerators  5
  • # Dish Washers  4
  • # Washers  4
  • # Dryers  4
  • # Units w/AC  5
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  4
  • Number of 3+ Bedrooms  1
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  3100
  • Net Operating Inc  59978
  • Year  2022
    • ASSESSMENT/SCHOOLS   
  • School District  Middleton-Cross Plains
  • High School  Call School District
  • Middle  Call School District
  • Elementary  Call School District
  • Land Assessment  $99,000
  • Improvements  $490,000
  • Total Assessment  $589,000
  • Net Taxes  $10,556
  • Assessment Year  2022
  • Tax Year  2021
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  SR-V1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.34
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Air conditioning, Balcony/patio, Dishwasher, Fireplace, In-unit laundry, Range/oven, Refrigerator, Washer/dryer
  • Unit 2  Air conditioning, Balcony/patio, Dishwasher, Fireplace, In-unit laundry, Range/oven, Refrigerator, Washer/dryer
  • Unit 3  Air conditioning, Balcony/patio, Dishwasher, Fireplace, In-unit laundry, Range/oven, Refrigerator, Washer/dryer
  • Unit 4  Air conditioning, Balcony/patio, Dishwasher, Fireplace, In-unit laundry, Range/oven, Refrigerator, Washer/dryer
    • 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 $1100 668 None No No No
    2 2 1 0 6/30/23 $1050 668 None No No No
    3 2 1 0 7/31/23 $1205 668 - No No No
    4 2 1 0 5/31/23 $1100 668 - No No No
    Items Included 5 refrigerators, 4 range/ovens, 4 disposals, 4 dishwashers, 4 water softeners, 4 washers, 4 dryers
    Items Excluded  tenants' & sellers' personal property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  None
    • EXTERIOR FEATURES  
  • Type   3 story, Apartment building
  • Parking per Unit  1 Car garage, Outside
  • Barrier-free Features  
  • Exterior  Aluminum/Steel, Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit, Separate water meters
  • Legal Documents  Condition report on file, Income/Exp Report Avail, Lease(s) on file
  • Miscellaneous  Internet - Cable, Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of The Alvarado Group, Inc