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2009 Lake Point Drive,  Madison,  WI  53713 $450,000 Sold
2009 Lake Point Drive,  Madison,  WI  53713
$450,000
Sold
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 Property Type Multi Family
 Parcel # 0710-194-0913-7
 County Dane
 Sub Area E15
 Municipality Madison
 MLS# 1969559
 Listing Date 01/08/2024
 Sold Price $465,000
 Close Date 04/05/2024 12:00 AM

MLS Public Remarks  This well-maintained 3-unit property offers a solid investment opportunity. Each unit is kept in good condition, ensuring reliable accommodation for tenants. The building features three distinct apartments, each with a practical layout suitable for a variety of tenants. Located in an area with strong rental demand, the property is positioned for consistent rental income. This makes it a sensible choice for investors looking to add to their portfolio or for those new to property investment. The property combines steady cash flow potential with the benefits of real estate appreciation. Or a solid choice for owner-occupants.
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  3
  • Year Built  1958
  • # Furnaces  0
  • Heating Type  Rad Elec
  • Heating Fuel  Nat Gas
  • # Water Heaters  3
  • # Water Softeners  1
  • # Stoves  3
  • # Refrigerators  3
  • # Dish Washers  0
  • # Washers  0
  • # Dryers  0
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  1
  • Number of 1 Bedrooms  1
  • Number of 2 Bedrooms  2
  • Number of 3+ Bedrooms  0
    • 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  $60,100
  • Improvements  $249,800
  • Total Assessment  $309,900
  • Net Taxes  $5,600
  • Assessment Year  2023
  • Tax Year  2022
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  TR-V1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.2
  • 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  Separate Storage Unit Inc, Shared Basement
  • Unit 4  
    • 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 9/30/2024 $1475 900 1 Space No No No
    2 2 1 0 11/30/2024 $1145 900 1 Space No No No
    3 1 1 0 vacant $955 800 - - - -
    4 0 0 0 - $0 0 - - - -
    Items Included 3 Stove/Oven, 3 Refrigerator
    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   Apartment building
  • Parking per Unit  Outside
  • Barrier-free Features  
  • Exterior  Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  Condition report on file, Lease(s) on file
  • Miscellaneous  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Exp Realty, Llc