Property Description for 2837 Coolidge St, Madison, WI 53704
This well maintained three unit consists of all 2 bedroom 1 bathroom units with very long term tenants (low rents). Seller is performing a 1031 creating an opportunity for the Buyer to yield the upside to increased rents. The unit that just turned over was rented at $1,050/month prior to new flooring and paint. With proforma rents and laundry income this property will produce over $38,000 annually. This is a great opportunity for cashflow at at 9.75 times gross income. Seller is also selling an identical three unit building adjacent at 2838 Dahl St (MLS 1953578) and would prefer to sell them together (MLS 1953574).
- Number of Units: 3
- Type of Rental: 2 story, Apartment building
- Year Built: 1965
- Taxes: $6,250
- Tax Year: 2022
- County: Dane
- Elementary School: Emerson
- Middle School: Sherman
- High School: East
- MLS Number: 1953576
Unit 1
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 766
Unit 2
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 766
Unit 3
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 766
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