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1305-1307 Theresa Terr,  Madison,  WI  53711 $389,900 Sold
1305-1307 Theresa Terr,  Madison,  WI  53711
$389,900
Sold
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 Property Type Multi Family
 Parcel # 0708-364-1204-2
 County Dane
 Sub Area W08
 Municipality Madison
 MLS# 1953996
 Listing Date 04/20/2023
 Sold Price $410,000
 Close Date 05/30/2023 12:00 AM

MLS Public Remarks  Excellent cash-flowing investment opportunity and upside in this West Madison duplex! Each side has 4 bedrooms and 1.5 baths. Currently under-rented with market rents of $1,700+/unit resulting in an 8%+ cap rate. Tenants pay all utilities. Many recent updates throughout, including LVP flooring in both units, some windows, washers and dryers, stainless steel appliances, and more! Close to schools, parks, bike trails, shopping and bus line. Professionally managed. Leases on file and available upon request. Please do not trespass on property or disturb tenants without a scheduled showing.
Documents and Related Links  
1) RECR
2) Addendum S
3) Update List
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Hammersly Rd To Theresa Terr
    • BUILDING INFO  
  • Number of Units  2
  • Year Built  1972
  • # Furnaces  2
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  2
  • # Water Softeners  0
  • # Stoves  2
  • # Refrigerators  2
  • # Dish Washers  2
  • # Washers  2
  • # Dryers  2
  • # Units w/AC  2
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  0
  • Number of 3+ Bedrooms  2
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  Memorial
  • Middle  Toki
  • Elementary  Anana
  • Land Assessment  $92,000
  • Improvements  $249,200
  • Total Assessment  $341,200
  • Net Taxes  $6,676
  • Assessment Year  2022
  • Tax Year  2022
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  SR-C3
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.24
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Balcony/patio, Dishwasher, Eat-in kitchen, Family/Rec. room, In-unit laundry, Individual heat control, Range/oven, Refrigerator, Vaulted ceiling(s), Washer/dryer
  • Unit 2  Air conditioning, Balcony/patio, Dishwasher, Eat-in kitchen, Family/Rec. room, In-unit laundry, Individual heat control, Range/oven, Refrigerator, Vaulted ceiling(s), Washer/dryer, Wood or sim. wood floor
  • 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 4 1 1 05/31/2024 $1400 1,375 2 Space No No No
    2 4 1 1 02/29/2024 $1425 1,375 2 Space No No No
    3 0 0 0 - $0 0 - - - -
    4 0 0 0 - $0 0 - - - -
    Items Included Refrigerator x2, Dishwasher x2, Stove x2, Washer x2, Dryer x2.
    Items Excluded  Tenant's personal items.
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Partial, Partially finished, Sump pump
    • EXTERIOR FEATURES  
  • Type   Duplex
  • Parking per Unit  2 spaces, Outside
  • Barrier-free Features  
  • Exterior  Wood
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit, Separate water meters
  • Legal Documents  Condition report on file, Lease(s) on file
  • Miscellaneous  Close to bus line



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Real Broker Llc