MLS Public Remarks Please do not trespass on property or disturb tenants without a scheduled showing. Excellent cash-flowing investment opportunity and upside in this brick 4-townhome building. Two units are 3/1.5 and two units are 2/1.5 all townhome style with private basements. Currently under-rented due to long-term tenants in place. Market rents are $1,450 & $1,300/unit resulting in a potential 8.0%-9.0% cap rate and a 10.0%+ cash on cash return. Well located on the West side of Madison with easy access to schools, grocery, and shopping. All units are well kept and maintained. Leases available upon request. Units 1 & 4 do not have their own W/D. Unit 2 W/D belongs to tenant. Unit 3 W/D is provided by seller and will stay with the building. Roof 2016. Water heaters 2017. Furnaces approx 2012.
| * 2 Documents Not Available via MLS |
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Raymond Rd To North On Cameron Drive
Number of Units 4
Year Built 1964
# Furnaces 4
Heating Type ForcAir
Heating Fuel Nat Gas
# Water Heaters 4
# Water Softeners 0
# Stoves 4
# Refrigerators 4
# Dish Washers 2
# Washers 1
# Dryers 1
# Units w/AC 4
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 2
Number of 3+ Bedrooms 2
Total Income 0
Total Expenses 0
Net Operating Inc 0
Year
School District Madison
High School Memorial
Middle Toki
Elementary Orchard Ridge
Land Assessment $99,000
Improvements $327,000
Total Assessment $426,000
Net Taxes $8,357
Assessment Year 2022
Tax Year 2022
Owner
Zoning SR-V1
Subdivision
Name of Lake/River
Est. Total Acres 0.25
Source for Est. Total Acres PubR
Unit 1 Air conditioning, Eat-in kitchen, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, Wood or sim. wood floor
Unit 2 Air conditioning, Dishwasher, Eat-in kitchen, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, Wood or sim. wood floor
Unit 3 Air conditioning, Dishwasher, Eat-in kitchen, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, Washer/dryer, Wood or sim. wood floor
Unit 4 Air conditioning, Eat-in kitchen, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, 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 |
1 |
06/30/2023 |
$1050 |
975 |
1 Space |
No |
No |
Yes |
| 2 |
3 |
1 |
1 |
07/31/2023 |
$1160 |
1,050 |
1 Space |
No |
No |
Yes |
| 3 |
3 |
1 |
1 |
03/31/2023 |
$1150 |
1,050 |
1 Space |
No |
No |
Yes |
| 4 |
2 |
1 |
1 |
08/31/2023 |
$1050 |
975 |
1 Space |
No |
No |
Yes |
Items Included Appliances belonging to Seller (Fridge x4, Stove x4, Dishwasher x2, Washer x1, Dryer x1).
Items Excluded All tenant's personal items.
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full, Poured Concrete Foundation
Type 2 story, Apartment building, Townhouse style units
Parking per Unit 1 space, Outside
Barrier-free Features Level drive, Level lot
Exterior Brick, Wood
Waterfront
Terms
Utilities Sep elec meters each unit, Sep gas meters each unit
Legal Documents Condition report on file, Income/Exp Report Avail, Lease(s) on file
Miscellaneous Close to bus line
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Real Broker Llc
