Presented by...
Paula Dollard
Mobile: (608) 469-3374
[email protected]

401, 402, 404 Chamberlain Avenue,  Madison,  WI  53726 $4,000,000 Sold
401, 402, 404 Chamberlain Avenue,  Madison,  WI  53726
$4,000,000
Sold
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 Property Type Business/Commercial
 Parcel # 0709-222-0304-0
 County Dane
 Sub Area W14
 Municipality Madison
 MLS# 1970607
 Listing Date 02/05/2024
 Sold Price $3,800,000
 Close Date 04/15/2024 12:00 AM

MLS Public Remarks  Location, Location, Location! Long time owner is ready to sell this 30 unit (20 units in one building & 10 units in another) close to Camp Randall Stadium, UW Foundation, UW vet labs & care, etc. Great occupancy history, some underground parking available, units are in great condition. Properties like these do not hit the market often!
Documents and Related Links  
1) Seller Refusal for RECR
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  South Of Campus Dr
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $3
  • Total Units/Bldg  30
  • Building Gross SqFt  12,474
  • Net Leasable SqFt  12,474
  • Year Built  1966
  • Source for Year Built  PubR
  • Approx Bldg Dimen  66x229
  • Street Frontage  390
  • Parking Fees/Mo.  $120
  • Onsite Parking  16
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  TR-U1
  • Est. Total Acres  0.35
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $165,000
  • Assessment Year  2023
  • Net Taxes  $66,250
  • Tax Year  2023
  • Improvements  $3,187,000
  • Total Assessment  $3,352,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $313,000
  • Annual Operating Exp  $207,000
  • Net Operating Income  $106,000
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 TBV TBV 0 $800 $3 $0 330
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included Hot Water Boiler, 3 Coin Operated Washer/Dryer & Each Unit Has: Refrigerator, Stove, Hood, Disposal
    Items Excluded  Sellers Personal Property
    INTERIOR FEATURES  
  • Heating/Cooling  Window AC
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured concrete foundatn
  • Fuel  Other
  • Seating Capacity  Over 100 persons
    • EXTERIOR FEATURES  
  • Type   Apartment building
  • Exterior Treatment  Brick
  • Building Parking  11-20 spaces, Parking fee extra, Underground
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Free standing
  • Tenant Pays  Electric
  • Present Use  Apartment building
  • Licenses  None
  • Lease Type  Annual, Month to month
  • Occupied by  Tenant(s)
  • Sale Includes  N/A
  • Features  Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Badger Realty Team