Property Description for 5726 Russett Rd, Madison, WI 53711
BACK ON MARKET due to failed financing. 4x3Bd/2Ba and 4x2 Bd/1Ba units in well-maintained, brick/vinyl 2-story, updated apts, wood/tile floors. +$65k updates Aug-Oct '22: steel roof, concrete driveway, resurfaced & striped lot, +more. 1 parking space/unit; 2 extra stalls rentable+1 leased coin W/D provides additional income. Separate electric meters, LL shared laundry (W/D hookups exist for 8 units), LL secure/private tenant storage, LL walkout. Within 1 block: bus line, shopping, schools, employment & bike routes. 100% Occupied, long term tenants, turnkey. 1 MM lease, owner can occupy. 3 leases renew Q1 2023. Current rents below fair market value. RentOMeter avg rent in this location is $1776/3Bd. Great opportunity for higher Cash Flow, ROI & Equity. Seller may execute 1031 exchange.
- Number of Units: 8
- Type of Rental: 2 story, Apartment building
- Year Built: 1962
- Taxes: $9,466
- Tax Year: 2022
- County: Dane
- Elementary School: Orchard Ridge
- Middle School: Toki
- High School: Memorial
- MLS Number: 1940616
Unit 1
- Beds: 3
- Baths: 2 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 1,050
Unit 2
- Beds: 3
- Baths: 2 f | 0 h | 0 q
- Parking: 2 Space
- Sq Ft: 1,050
Unit 3
- Beds: 3
- Baths: 2 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 1,050
Unit 4
- Beds: 3
- Baths: 2 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 1,050
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