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6302 Eastgate Road,  Monona,  WI  53716 $650,000 Sold
6302 Eastgate Road,  Monona,  WI  53716
$650,000
Sold
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 Property Type Multi Family
 Parcel # 071020464450
 County Dane
 Sub Area E14
 Municipality Monona
 MLS# 1962900
 Listing Date 08/28/2023
 Sold Price $650,000
 Close Date 01/04/2024 12:00 AM

MLS Public Remarks  Well maintained, brick 4 unit property in growing Monona! All four units are identical 2 bed/1 bath apartments with dedicated on site parking. Currently owned and self managed by a small, local, landlord. Many long term tenants and upside on rents. Actual rents are $1015, $1100, $1100, $1010 + laundry income. Nearby comparable rents are ~$1400-1450 + utility fees, parking, pet, laundry & misc. This property is within minutes of newer restaurants, shops, lake Monona & more. There is also easy access to the Beltline for any commuters. All four apartments are the same finish/style/floor plan, but flooring/paint/refresh has been completed at any recent turn overs.
Documents and Related Links  
1) RECR - 6302-6304 East Gate
2) Add S - 6302-6304 East Gate
3) Add R_6302 East Gate
* 1 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Monona
  • C/T/V  City
  • Unit #  
  • Directions  Right On East Gate Rd
    • BUILDING INFO  
  • Number of Units  4
  • Year Built  1972
  • # Furnaces  1
  • Heating Type  Rad Elec
  • Heating Fuel  Nat Gas
  • # Water Heaters  1
  • # Water Softeners  1
  • # Stoves  4
  • # Refrigerators  4
  • # Dish Washers  4
  • # Washers  1
  • # Dryers  1
  • # Units w/AC  4
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  4
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  15453
  • Net Operating Inc  39003
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Monona Grove
  • High School  Monona Grove
  • Middle  Glacial Dr
  • Elementary  Winnequah
  • Land Assessment  $52,900
  • Improvements  $446,900
  • Total Assessment  $499,800
  • Net Taxes  $7,942
  • Assessment Year  2023
  • Tax Year  2022
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  G2
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.23
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  
  • 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 11/30/2024 $1155 800 1 Space No Yes Yes
    2 2 1 0 AVAILABLE $0 800 1 Space No Yes Yes
    3 2 1 0 7/31/2024 $1100 800 1 Space No Yes Yes
    4 2 1 0 4/30/2024 $1010 800 1 Space No Yes Yes
    Items Included 4 refrigerators, 4 oven/stoves, all seller owned dishwashers & microwaves, 1 coin op washer, 1 coin op dryer, 4 wall A/C's, 1 water heater, 1 water softener, 1 boiler.
    Items Excluded  Tenant's personal property
    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  Detached, Outside
  • Barrier-free Features  
  • Exterior  Brick
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  Condition report on file, Lease(s) on file
  • Miscellaneous  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of The Hub Realty