MLS Public Remarks Build your portfolio with this meticulously cared for 4 Unit. Seller has owned, managed & personally maintained the property for 45+ years & the pride of ownership is evident. All units are mostly carpeted but original oak hardwood lay underneath. Units have a separate dining area with built-in hutch. Spacious living room with large picture window and air conditioning unit. Separate basement storage for each unit & access to coin-op laundry. Updates include New Roof 4/23, Boiler 2016, HW Heater 2012, Electrical 2017, paved parking, & ext security cameras. The building is on a residential street, close to Mendota elementary, walking distance to bus line, dining, Warner Park & Lake Mendota. **Unit Photos MAY be a similar unit in another Building**
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Hwy 113/Northport Dr. To S On School Rd.
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 0
# 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 19943
Net Operating Inc 15427
Year 2021
School District Madison
High School East
Middle Black Hawk
Elementary Mendota
Land Assessment $70,000
Improvements $285,000
Total Assessment $355,000
Net Taxes $7,051
Assessment Year 2022
Tax Year 2022
Owner
Zoning SR-V1
Subdivision
Name of Lake/River
Est. Total Acres 0.31
Source for Est. Total Acres PubR
Unit 1 Air conditioning, Dining room, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor
Unit 2 Air conditioning, Dining room, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor
Unit 3 Air conditioning, Balcony/patio, Dining room, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor
Unit 4 Air conditioning, Balcony/patio, Dining room, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor
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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 |
3/1/2024 |
$875 |
850 |
2 Space |
No |
Yes |
Yes |
| 2 |
2 |
1 |
0 |
3/31/2024 |
$950 |
850 |
2 Space |
No |
Yes |
Yes |
| 3 |
2 |
1 |
0 |
7/31/2024 |
$990 |
850 |
1 Space |
No |
Yes |
Yes |
| 4 |
2 |
1 |
0 |
10/31/2024 |
$1100 |
850 |
1 Space |
No |
Yes |
Yes |
Items Included 4 Refrigerators, 4 stove/oven, exterior security cameras, washer, dryer. Storage shed located on parking lot.
Items Excluded Water softener is rented, seller's personal items and tenants' personal property.
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full, Poured Concrete Foundation
Type 2 story, Apartment building
Parking per Unit 2 spaces
Barrier-free Features
Exterior Brick
Waterfront
Terms
Utilities Sep elec meters each unit
Legal Documents Income/Exp Report Avail, Lease(s) on file
Miscellaneous Close to bus line, Fenced yard, Security system, Shared laundry, Water Softener Rented
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Keller Williams Realty
