MLS Public Remarks Fantastic investment opportunity! This convenient west Madison 4 unit sits quietly behind Raymond Rd, near bus lines & schools. All units feature spacious living rooms, roomy kitchens, 3 bedrooms & 1 full bath with tub/shower combo. The shared basement has individual W/D hookups, private storage, and plenty of additional room for bikes or larger items. With lot parking in the rear, easy access to public transit and a private management company, this property is ready to round out your portfolio! All units are occupied. Please be courteous & remove shoes when entering apartments. Basement electrical hookups for tenants' electric W/D are connected to each individual apartment's electrical meter and the unit breaker panel located in each unit.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Verona Rd To Raymond Rd To S Whitney Way Go L On Russett Rd
Number of Units 4
Year Built 1960
# Furnaces 0
Heating Type Rad Elec
Heating Fuel Nat Gas
# Water Heaters 0
# Water Softeners 1
# Stoves 4
# Refrigerators 4
# Dish Washers 0
# Washers 1
# Dryers 1
# Units w/AC 0
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 0
Number of 3+ Bedrooms 4
Total Income 0
Total Expenses 0
Net Operating Inc 0
Year
School District Madison
High School Memorial
Middle Toki
Elementary Orchard Ridge
Land Assessment $109,000
Improvements $260,000
Total Assessment $369,000
Net Taxes $7,227
Assessment Year 2022
Tax Year 2022
Owner
Zoning Res
Subdivision Meadowood First Addn
Name of Lake/River
Est. Total Acres 0.25
Source for Est. Total Acres PubR
Unit 1 Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor
Unit 2 Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
Unit 3 Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
Unit 4 Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
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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 |
3 |
1 |
0 |
6/30/2023 |
$949 |
950 |
1 Space |
No |
No |
Yes |
2 |
3 |
1 |
0 |
7/31/2023 |
$949 |
950 |
1 Space |
No |
No |
Yes |
3 |
3 |
1 |
0 |
5/31/2023 |
$985 |
950 |
1 Space |
No |
No |
Yes |
4 |
3 |
1 |
0 |
3/31/2024 |
$949 |
950 |
1 Space |
No |
No |
Yes |
Items Included Refrigerator, Range/Oven, All Window Coverings/Blinds, Water softener,
Items Excluded Tenant's personal property, washer & dryers
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full
Type Apartment building
Parking per Unit 1 space, Outside
Barrier-free Features
Exterior Brick
Waterfront
Terms
Utilities Sep elec meters each unit
Legal Documents Lease(s) on file
Miscellaneous Close to bus line, Water Softener Owned
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Mhb Real Estate