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JoAnna Benitez
Mobile: (608) 576-1001
Work: (608) 441-7777
[email protected]

405 Washburn Place,  Madison,  WI  53703 $610,000 Active
405 Washburn Place,  Madison,  WI  53703
$610,000
Active
More Photos
 Property Type Multi Family
 Parcel # 0709-132-0710-0
 County Dane
 Sub Area E01
 Municipality Madison
 MLS# 1968080
 Listing Date 12/05/2023

MLS Public Remarks  4 unit rental property located near the intersection of W. Gorham St. and Washburn Place just one block from Lake Mendota. Highly desirable location just one mile from downtown Madison and walking distance to many local restaurants, entertainment, Festival Foods and other retailers. Units 405 & 407 Washburn Place are both 500 sq.ft. studios with 1 bath each. Units 407 & 409 Washburn Place are both 650 sq.ft. with 1 bed and 1 bath each. Fully leased out until 2025. The current total monthly rent is $3,920/month for the 2023-2024 rental season. Rents will increase to $5,065/month for the 2024-2025 rental season.
Documents and Related Links  
1) 2022 Gen Expenses
2) Assessors
3) Assessors Aerial
4) Disclosure of Material Adverse Facts
5) Addn S & RECR
6) Rent Roll 2023-2025
7) 1. Borchure
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  E. Gorham St., To Washburn Place
    • BUILDING INFO  
  • Number of Units  4
  • Year Built  1907
  • # Furnaces  1
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  1
  • # Water Softeners  0
  • # Stoves  4
  • # Refrigerators  4
  • # Dish Washers  0
  • # Washers  1
  • # Dryers  1
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  2
  • Number of 1 Bedrooms  2
  • Number of 2 Bedrooms  0
  • 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  East
  • Middle  OKeeffe
  • Elementary  Lapham/Marquette
  • Land Assessment  $98,000
  • Improvements  $347,000
  • Total Assessment  $445,000
  • Net Taxes  $8,238
  • Assessment Year  2023
  • Tax Year  2022
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  TRV2-WP24
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.12
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Eat-in kitchen, Family/Rec. room
  • Unit 2  Eat-in kitchen, Family/Rec. room
  • Unit 3  Eat-in kitchen, Family/Rec. room
  • Unit 4  Eat-in kitchen, Family/Rec. room
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 0 1 0 5/31/2024 $645 500 Street No Yes Yes
    2 0 1 0 5/31/2024 $890 500 Street No Yes Yes
    3 1 1 0 8/14/2024 $1095 650 Street No Yes Yes
    4 1 1 0 7/31/2024 $990 650 Street No Yes Yes
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Walkout
    • EXTERIOR FEATURES  
  • Type   2 flat, 2 story
  • Parking per Unit  Outside
  • Barrier-free Features  
  • Exterior  Aluminum/Steel, Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  Income/Exp Report Avail
  • Miscellaneous  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Madison Property Management, Inc.