MLS Public Remarks This well maintained three unit consists of all 2 bedroom 1 bathroom units with very long term tenants (low rents). Seller is performing a 1031 creating an opportunity for the Buyer to yield the upside to increased rents. The unit that just turned over was rented at $1,050/month prior to new flooring and paint. With proforma rents and laundry income this property will produce over $38,000 annually. This is a great opportunity for cashflow at at 9.75 times gross income. Seller is also selling an identical three unit building adjacent at 2838 Dahl St (MLS 1953578) and would prefer to sell them together (MLS 1953574).
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Packers Ave To East On Commercial Ave To North On N. Oak St To Left On Coolidge St
Number of Units 3
Year Built 1965
# Furnaces 1
Heating Type Rad Elec
Heating Fuel Nat Gas
# Water Heaters 3
# Water Softeners 1
# Stoves 3
# Refrigerators 3
# Dish Washers 0
# Washers 1
# Dryers 1
# Units w/AC 3
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 3
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 $56,000
Improvements $268,200
Total Assessment $324,200
Net Taxes $6,250
Assessment Year 2022
Tax Year 2022
Owner
Zoning TR-V1
Subdivision
Name of Lake/River
Est. Total Acres 0.14
Source for Est. Total Acres PubR
Unit 1 Air conditioning, Eat-in kitchen, Range/oven, Refrigerator, Shared Basement
Unit 2
Unit 3
Unit 4
|
|
|
|
|
|
|
|
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 |
07/30/2023 |
$710 |
766 |
1 Space |
No |
Yes |
Yes |
2 |
2 |
1 |
0 |
MTM/60 day |
$695 |
766 |
1 Space |
No |
Yes |
Yes |
3 |
2 |
1 |
0 |
07/31/2023 |
$1050 |
766 |
1 Space |
No |
Yes |
Yes |
4 |
0 |
0 |
0 |
- |
$0 |
0 |
- |
- |
- |
- |
Items Included 3 ranges, 3 refrigerators, 1 washer, 1 dryer, 1 water softener, all window coverings.
Items Excluded
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full
Type 2 story, Apartment building
Parking per Unit 1 space, Outside
Barrier-free Features
Exterior Wood
Waterfront
Terms
Utilities Sep elec meters each unit
Legal Documents
Miscellaneous
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Stark Company, Realtors