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!
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.
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
Number of Efficiencies 0
Number of 1 Bedrooms 1
Number of 2 Bedrooms 2
Number of 3+ Bedrooms 0
Total Income 0
Total Expenses 28938
Net Operating Inc 19514
Year 2023
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
Zoning DR2
Subdivision
Name of Lake/River
Est. Total Acres 0.06
Source for Est. Total Acres PubR
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
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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 |
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
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full, Other Foundation
Type 2 flat
Parking per Unit 1 Car garage, Attached
Barrier-free Features
Exterior Vinyl
Waterfront
Terms
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