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

201 S Bassett Street,  Madison,  WI  53703 $625,000 Sold
201 S Bassett Street,  Madison,  WI  53703
$625,000
Sold
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 Property Type Multi Family
 Parcel # 070923131183
 County Dane
 Sub Area W01
 Municipality Madison
 MLS# 1971720
 Listing Date 02/24/2024
 Sold Price $665,000
 Close Date 04/26/2024 12:00 AM

MLS Public Remarks  Showings begin 3/8. This fully rented, 3-unit property is the ideal opportunity for a seasoned or aspiring investor. You'll have peace of mind knowing all three kitchens AND bathrooms have been recently updated (2019), the furnace is newer (2022), and the garage roof was replaced within the past year (2023). Within walking distance to the UW-Madison campus, Lake Monona, and attractions along State Street & the Capitol Square, this property is truly in the heart of Madison. The garage spot is an additional charge of $50/month and the coin-op washer & dryer generates about $100/mo. Don't miss the opportunity!
Documents and Related Links  
1) RECR
2) Add.R
3) Addendum S
* 1 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  West Washington Ave To Bassett Street, Corner Of Doty And Bassett.
    • BUILDING INFO  
  • Number of Units  3
  • Year Built  1904
  • # Furnaces  2
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  1
  • # Water Softeners  1
  • # Stoves  3
  • # Refrigerators  3
  • # Dish Washers  2
  • # Washers  1
  • # Dryers  1
  • # Units w/AC  1
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  1
  • Number of 2 Bedrooms  2
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  28938
  • Net Operating Inc  19514
  • Year  2023
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  West
  • Middle  Hamilton
  • Elementary  Franklin/Randall
  • Land Assessment  $93,800
  • Improvements  $398,300
  • Total Assessment  $492,100
  • Net Taxes  $8,906
  • Assessment Year  2023
  • Tax Year  2023
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  DR2
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.06
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Family/Rec. room, Individual heat control, Master bedroom bath, Range/oven, Refrigerator, Shared Basement
  • Unit 2  Eat-in kitchen, Family/Rec. room, Individual heat control, Master bedroom bath, Range/oven, Refrigerator, Shared Basement
  • Unit 3  Air conditioning, Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator, 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 8/14/24 $1650 980 Street No Yes Yes
    2 2 1 0 8/15/24 $1575 980 Street No Yes Yes
    3 1 1 0 8/16/24 $850 538 Street No Yes Yes
    4 0 0 0 - $0 0 - - - -
    Items Included 3 Refrigerators, 3 Range/Ovens, 1 Washer, 1 Dryer, 1 Funance, 2 Mitsubishi Heat/AC Units, & all Associated Mechanical Elements
    Items Excluded  Seller and Tenants Personal Property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Other Foundation
    • EXTERIOR FEATURES  
  • Type   2 flat
  • Parking per Unit  1 Car garage, Attached
  • Barrier-free Features  
  • Exterior  Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  
  • Legal Documents  Condition report on file, Income/Exp Report Avail, Lease(s) on file
  • Miscellaneous  Close to bus line, Internet - Cable, Internet - DSL



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Re/Max Preferred