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

2005 Lake Point Drive,  Madison,  WI  53713 $375,000 Sold
2005 Lake Point Drive,  Madison,  WI  53713
$375,000
Sold
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 Property Type Multi Family
 Parcel # 0710-194-0912-9
 County Dane
 Sub Area E15
 Municipality Madison
 MLS# 1969556
 Listing Date 01/08/2024
 Sold Price $390,000
 Close Date 04/05/2024 12:00 AM

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.
Documents and Related Links  
1) RECR
2) Additional Info
3) Aerial Maps
* 1 Documents Not Available via MLS
LOCATION  
  • 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.
    • BUILDING INFO  
  • 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
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  0
  • Number of 3+ Bedrooms  2
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  2023
    • ASSESSMENT/SCHOOLS   
  • 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  
    • LOT DESCRIPTION  
  • Zoning  TR-V1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.19
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Separate Storage Unit Inc, Shared Basement
  • Unit 2  Separate Storage Unit Inc, Shared Basement
  • 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 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
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured Concrete Foundation
    • EXTERIOR FEATURES  
  • Type   2 flat
  • Parking per Unit  2 spaces, Outside
  • Barrier-free Features  
  • Exterior  Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • 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