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5826 Balsam Road,  Madison,  WI  53711 $600,000 Sold
5826 Balsam Road,  Madison,  WI  53711
$600,000
Sold
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 Property Type Multi Family
 Parcel # 0609-062-0318-2
 County Dane
 Sub Area W09
 Municipality Madison
 MLS# 1967845
 Listing Date 11/27/2023
 Sold Price $530,000
 Close Date 01/19/2024 12:00 AM

MLS Public Remarks  WOW! Fantastic "4 Unit" Income producing apartment building "for sale", in the Meadowood Neighborhood on Madison's West Side. This "Fully Leased" building boasts Three 2 bedroom apartments, One 1 bedroom apartment and coin laundry. Stop paying rent and owner occupy or buy a solid investment. Additional 1 bedroom / 1 bathroom apartment spare (unfinished) available to become the 5th unit. "Solid Investment". Schedule your showing today!
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Raymond Road To Leland Drive To Right On Balsam Road
    • BUILDING INFO  
  • Number of Units  4
  • Year Built  1959
  • # Furnaces  4
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  0
  • # Water Softeners  4
  • # Stoves  4
  • # Refrigerators  0
  • # Dish Washers  0
  • # Washers  0
  • # Dryers  0
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  1
  • 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  Memorial
  • Middle  Toki
  • Elementary  Orchard Ridge
  • Land Assessment  $124,000
  • Improvements  $371,000
  • Total Assessment  $495,000
  • Net Taxes  $7,881
  • Assessment Year  2023
  • Tax Year  2023
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  SR-V1
  • Subdivision  Meadowood
  • Name of Lake/River  
  • Est. Total Acres  0.37
  • 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 1 1 0 02/28/2024 $875 0 None No No Yes
    2 2 1 0 02/28/2024 $975 0 None No No Yes
    3 2 1 0 02/28/2024 $975 0 None No No Yes
    4 2 1 0 02/28/2024 $975 0 None No No Yes
    Items Included 4 Ovens/Ranges, 4 Refrigerators, 4 Wall Mounted Air Conditioners
    Items Excluded  Seller and Tenant Personal Property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Block Foundation, Full
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  Outside
  • Barrier-free Features  
  • Exterior  Brick, Stone
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit
  • Legal Documents  Lease(s) on file
  • Miscellaneous  Shared laundry



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of First Weber Inc