Property Description for 1902 Cameron Dr, Madison, WI 53711
Please do not trespass on property or disturb tenants without a scheduled showing. Excellent cash-flowing investment opportunity and upside in this brick 4-townhome building. Two units are 3/1.5 and two units are 2/1.5 all townhome style with private basements. Currently under-rented due to long-term tenants in place. Market rents are $1,450 & $1,300/unit resulting in a potential 8.0%-9.0% cap rate and a 10.0%+ cash on cash return. Well located on the West side of Madison with easy access to schools, grocery, and shopping. All units are well kept and maintained. Leases available upon request. Units 1 & 4 do not have their own W/D. Unit 2 W/D belongs to tenant. Unit 3 W/D is provided by seller and will stay with the building. Roof 2016. Water heaters 2017. Furnaces approx 2012.
- Number of Units: 4
- Type of Rental: 2 story, Apartment building, Townhouse style units
- Year Built: 1964
- Taxes: $8,357
- Tax Year: 2022
- County: Dane
- Elementary School: Orchard Ridge
- Middle School: Toki
- High School: Memorial
- MLS Number: 1950580
Unit 1
- Beds: 2
- Baths: 1 f | 1 h | 0 q
- Parking: 1 Space
- Sq Ft: 975
Unit 2
- Beds: 3
- Baths: 1 f | 1 h | 0 q
- Parking: 1 Space
- Sq Ft: 1,050
Unit 3
- Beds: 3
- Baths: 1 f | 1 h | 0 q
- Parking: 1 Space
- Sq Ft: 1,050
Unit 4
- Beds: 2
- Baths: 1 f | 1 h | 0 q
- Parking: 1 Space
- Sq Ft: 975
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