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4609 Thurston Lane,  Fitchburg,  WI  53711 $895,000 Sold
4609 Thurston Lane,  Fitchburg,  WI  53711
$895,000
Sold
More Photos
 Property Type Multi Family
 Parcel # 0609-052-0034-8
 County Dane
 Sub Area W19
 Municipality Fitchburg
 MLS# 1962495
 Listing Date 08/22/2023
 Sold Price $720,000
 Close Date 10/27/2023 12:00 AM

MLS Public Remarks  Rare opportunity to own a value add property that also provides immediate cash flow. Upgrades include: new roof in 2017, dishwashers added in 2018, new water heater in 2018, new boiler in 2018. All 8 units 2 bed 1 bath. Laundry and storage in basement. Parking lot shared with building next door. Left hand side of parking lot is for Thurston Lane residents. Some units under market due to long term residents. With contemporary updates market rent for compatible units is over $1200.
Documents and Related Links  
1) Addendum S - Lead Based Paint
2) Real Estate Condition Report
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Fitchburg
  • C/T/V  City
  • Unit #  
  • Directions  Verona Frontage Road, To Red Arrow Trail, To Thurston Lane.
    • BUILDING INFO  
  • Number of Units  8
  • Year Built  1970
  • # Furnaces  1
  • Heating Type  Rad Elec
  • Heating Fuel  Nat Gas
  • # Water Heaters  1
  • # Water Softeners  0
  • # Stoves  8
  • # Refrigerators  8
  • # Dish Washers  8
  • # Washers  2
  • # Dryers  2
  • # Units w/AC  8
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  8
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  68297
  • Net Operating Inc  18114
  • Year  2022
    • ASSESSMENT/SCHOOLS   
  • School District  Verona
  • High School  Call School District
  • Middle  Call School District
  • Elementary  Call School District
  • Land Assessment  $120,000
  • Improvements  $562,100
  • Total Assessment  $682,100
  • Net Taxes  $14,028
  • Assessment Year  2022
  • Tax Year  2022
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  G2
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.38
  • Source for Est. Total Acres  Othr
    • UNIT INFORMATION  
  • Unit 1  Air conditioning, Dining room, Dishwasher, Family/Rec. room, Range/oven, Refrigerator, Separate Storage Unit Inc, 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 06/30/2024 $1000 830 2 Space No Yes Yes
    2 2 1 0 09/30/2024 $1100 830 2 Space No Yes Yes
    3 2 1 0 MTM $995 830 2 Space No Yes Yes
    4 2 1 0 08/31/2024 $1000 830 2 Space No Yes Yes
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured Concrete Foundation
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  Outside
  • Barrier-free Features  
  • Exterior  Brick, Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  Condition report on file, Income/Exp Report Avail, Joint driveway agreement, Lease(s) on file
  • Miscellaneous  Shared laundry



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Century 21 Affiliated