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2838 Dahle St,  Madison,  WI  53704 $375,000 Sold
2838 Dahle St,  Madison,  WI  53704
$375,000
Sold
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 Property Type Multi Family
 Parcel # 0810-323-0812-5
 County Dane
 Sub Area E04
 Municipality Madison
 MLS# 1953578
 Listing Date 04/13/2023
 Sold Price $408,000
 Close Date 05/16/2023 12:00 AM

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. Adjacent unit 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 2837 Coolidge St (MLS 1953576). and would prefer to sell them together (MLS1953574).
Documents and Related Links  
1) RECR ADD S 2838 Dahle St
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Hwy 30, Commercial Ave To North On N. Oak St To Left On Dahle St
    • BUILDING INFO  
  • 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
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  3
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  
    • ASSESSMENT/SCHOOLS   
  • 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  
    • LOT DESCRIPTION  
  • Zoning  TR-V1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.14
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Eat-in kitchen, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
  • Unit 2  Air conditioning, Eat-in kitchen, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
  • Unit 3  Eat-in kitchen, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
  • 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 06/30/2023 $750 766 1 Space No Yes Yes
    2 2 1 0 04/30/2023 $665 766 1 Space No Yes Yes
    3 2 1 0 04/01/2024 $710 766 1 Space No Yes Yes
    4 0 0 0 - $0 0 - - - -
    Items Included 3 ranges, 3 refrigerators, 1 washer, 1 dryer, all window coverings.
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  1 space, Outside
  • Barrier-free Features  
  • Exterior  Brick, Stone, Vinyl, Wood
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  
  • Miscellaneous  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Stark Company, Realtors