Property Description for 1027 Drake St, Madison, WI 53715-1609
Excellent Investment property to add to your portfolio. This well-built home is just a couple of blocks from the lake & offers an ideal location, close to bus route, downtown & everything Madison has to offer. Sweet view of Lake Monona from the front yard! 1st floor unit offers 2 bedroom, 1 bath. 2nd floor has 1 bedroom, 1 bath. Backyard offers convenient alley access. Can park 4-6 cars in back. All of the major components have been updated on the exterior in about 2010, from the roof to the siding, windows, insulation & new rubber membrane roofing. Lovely, newer front porch, first floor screened deck & 2nd level deck. Once in a lifetime investment opportunity! Add'l $350/month potential rental income from 5 parking spaces & $65/month from basement rental. Can add 2 car garage at alley.
- Number of Units: 2
- Type of Rental: 2 flat
- Year Built: 1897
- Taxes: $7,982
- Tax Year: 2020
- County: Dane
- Elementary School: Franklin/Randall
- Middle School: Hamilton
- High School: West
- MLS Number: 1924539
Unit 1
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: 2 Space
- Sq Ft: 1,300
Unit 2
- Beds: 1
- Baths: 1 f | 0 h | 0 q
- Parking: 2 Space
- Sq Ft: 900
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