MLS Public Remarks Presenting a lucrative opportunity with this well-maintained 2-unit property, situated near all of Monona's amenities, ensuring high rentability and continuous cash flow. Washer and dryer hookups available in the basement, adding a layer of convenience for tenants and the potential for additional income. Storage units in the basement for both tenants. Currently, one of the units is vacant, offering a perfect scenario for an owner-occupant to live in one unit while enjoying the financial benefits of renting out the other. Alternatively, it's a choice for investors looking to capitalize on the area's high demand. This property is not just a residence, but an investment in a vibrant and desirable community.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Follow I-90 E To W Broadway / South Towne Dr In Monona. Take Exit 264 From Us-12 W/Us-18. Continue On W Broadway. Drive To Lake Point Dr In Madison.
Number of Units 2
Year Built 1958
# Furnaces 0
Heating Type Rad Elec
Heating Fuel Nat Gas
# Water Heaters 0
# Water Softeners 2
# Stoves 2
# Refrigerators 2
# Dish Washers 0
# Washers 0
# Dryers 0
# Units w/AC 0
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 0
Number of 3+ Bedrooms 2
Total Income 0
Total Expenses 0
Net Operating Inc 0
Year 2023
School District Madison
High School Call School District
Middle Call School District
Elementary Call School District
Land Assessment $86,500
Improvements $159,800
Total Assessment $246,300
Net Taxes $4,501
Assessment Year 2023
Tax Year 2023
Owner
Zoning TR-V1
Subdivision
Name of Lake/River
Est. Total Acres 0.19
Source for Est. Total Acres PubR
Unit 1 Separate Storage Unit Inc, Shared Basement
Unit 2 Separate Storage Unit Inc, Shared Basement
Unit 3
Unit 4
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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 |
3 |
1 |
0 |
Vacant |
$1600 |
1,170 |
1 Space |
No |
No |
No |
2 |
3 |
1 |
0 |
7/31/2024 |
$1600 |
1,170 |
1 Space |
No |
No |
No |
3 |
0 |
0 |
0 |
- |
$0 |
0 |
- |
- |
- |
- |
4 |
0 |
0 |
0 |
- |
$0 |
0 |
- |
- |
- |
- |
Items Included 2 Stoves, 2 Refrigerators, 1 AC Unit
Items Excluded Seller and Tenant Personal Property
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full, Poured Concrete Foundation
Type 2 flat
Parking per Unit 2 spaces, Outside
Barrier-free Features
Exterior Vinyl
Waterfront
Terms
Utilities Sep elec meters each unit
Legal Documents Condition report on file, Income/Exp Report Avail, Lease(s) on file
Miscellaneous
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Exp Realty, Llc