MLS Public Remarks Incredible investment opportunity to own a brick 4-unit apartment building on Madison's West side. Desirable floor plans with large kitchens and spacious living areas. All units have been updated in recent years with new bathroom vanities, new flooring, new light fixtures, and new kitchens with newer appliances. Each unit is provided with an off-street parking spot behind building as well as an additional private/secure storage unit in the basement. Separate furnaces and electrical meters for each unit allow for tenants to pay their own heat & electricity. Coin-op washer/dryer for additional monthly income. Secure owner/property manager maintenance room with additional storage and work area is another perk of ownership.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions South On Whitney Way, Take Right On Thrush, Then Take Right On Iris Lane Which Becomes Balsam Road At The Curve.
Number of Units 4
Year Built 1962
# Furnaces 4
Heating Type ForcAir
Heating Fuel Nat Gas
# Water Heaters 4
# Water Softeners 1
# Stoves 4
# Refrigerators 4
# Dish Washers 2
# Washers 1
# Dryers 1
# Units w/AC 0
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 4
Number of 3+ Bedrooms 0
Total Income 0
Total Expenses 0
Net Operating Inc 0
Year
School District Madison
High School Memorial
Middle Toki
Elementary Orchard Ridge
Land Assessment $112,000
Improvements $313,000
Total Assessment $425,000
Net Taxes $7,247
Assessment Year 2023
Tax Year 2022
Owner
Zoning SR-V1
Subdivision
Name of Lake/River
Est. Total Acres 0.27
Source for Est. Total Acres PubR
Unit 1 Air conditioning, Dishwasher, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
Unit 2 Air conditioning, Dishwasher, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
Unit 3 Air conditioning, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
Unit 4 Air conditioning, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
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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 |
8/31/2024 |
$1085 |
832 |
1 Space |
No |
No |
Yes |
| 2 |
2 |
1 |
0 |
6/30/2024 |
$1075 |
832 |
1 Space |
No |
No |
Yes |
| 3 |
2 |
1 |
0 |
10/31/2024 |
$1100 |
832 |
1 Space |
No |
No |
Yes |
| 4 |
2 |
1 |
0 |
mo to mo |
$995 |
832 |
1 Space |
No |
No |
Yes |
Items Included 4 Stoves, 4 Refrigerators, 2 Dishwashers, 1 Coin-Op Washer, 1 Coin-Op Dryer, 1 Water Softener
Items Excluded Seller and Tenant personal property
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full, Poured Concrete Foundation
Type 2 story, Apartment building
Parking per Unit 1 space, Outside
Barrier-free Features Door openings 29" or more, First floor bedroom, First floor full bath, Level drive, Level lot, Low pile or no carpeting, Ramped or level entrance, Width of hallways 36"+
Exterior Brick
Waterfront
Terms
Utilities Sep elec meters each unit, Sep gas meters each unit
Legal Documents Condition report on file, Income/Exp Report Avail, Lease(s) on file
Miscellaneous Close to bus line, Internet - Cable, Water Softener Owned
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Keller Williams Realty
