MLS Public Remarks Classic brick 4-unit apartment building. Current gross rents are over $57,000/year and owner believes they could be increased. Two lease extensions have been signed to bring the gross rents up even higher! Laundry is leased to a local laundry service for additional income without the headache of maintaining laundry machines. Well-maintained, money making, 4-unit apartment building for less than $140,000/unit. Each unit includes 2-bedrooms, 1 bathroom, kitchen, living room, storage, and assigned parking. Conveniently close to Warner Park, Willy Street Coop, multiple restaurants, and the beautiful Lake Mendota. Broker owned. Seller is FIRM on price.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Sherman To Trailsway To L-On Brentwood
Number of Units 4
Year Built 1959
# Furnaces 1
Heating Type Rad Elec
Heating Fuel Nat Gas
# Water Heaters 1
# Water Softeners 1
# Stoves 4
# Refrigerators 4
# Dish Washers 4
# Washers 0
# Dryers 0
# 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 East
Middle Sherman
Elementary Emerson
Land Assessment $74,000
Improvements $325,000
Total Assessment $399,000
Net Taxes $7,822
Assessment Year 2022
Tax Year 2022
Owner
Zoning SR-V1
Subdivision Brentwood
Name of Lake/River
Est. Total Acres 0.24
Source for Est. Total Acres PubR
Unit 1
Unit 2
Unit 3
Unit 4
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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 |
3/31/24 |
$1225 |
900 |
1 Space |
Yes |
Yes |
Yes |
2 |
2 |
1 |
0 |
7/31/2024 |
$1100 |
900 |
1 Space |
No |
Yes |
Yes |
3 |
2 |
1 |
0 |
6/30/24 |
$1200 |
900 |
1 Space |
No |
Yes |
Yes |
4 |
2 |
1 |
0 |
7/31/2024 |
$1100 |
900 |
1 Space |
No |
Yes |
Yes |
Items Included 4 Refrigerators, 4 Range/Ovens, 4 Dishwashers
Items Excluded Personal property of the seller and/or tenants
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full
Type 2 story, Apartment building
Parking per Unit 1 space
Barrier-free Features
Exterior Brick
Waterfront
Terms
Utilities Sep elec meters each unit
Legal Documents Condition report on file, Income/Exp Report Avail, Lease(s) on file
Miscellaneous
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Investment Realty Services Llc