5826 Balsam Rd

Madison, WI 53711 MLS# 1938237
$490,000
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
  • 5826 Balsam Rd, Madison, WI 53711
Listing Courtesy of Restaino & Associates Era Powered  - Pref: 608-446-2210
5 Units | Built in 1959 |Sold

WI > Dane > Madison > 5826 Balsam Rd

Property Description for 5826 Balsam Rd, Madison, WI 53711

A solid 5-unit building w/strong rental history, rents for 4 units are below market level. Apt 5 $975 (potential rent, has new windows installed, kitchen cabs, BA fixtures, appls, & other materials all incl) was previously rented & remodel started-open to finish & increase income by ~25%, cost for remodel is in the listing price. Many updates made to make this an attractive home for tenants w/very low maintenance. New roof, vinyl siding, facia, & gutters 5 yrs ago. New carpet & vinyl flrs - unit 3, new carpet 3 yrs ago. New vanity & sink in all BA, mostly new faucets throughout. New appls (stove/fridge), sinks & backsplash in kitchens (5-6 yrs ago) & some garbage disposals changed. This is a well-running investment, make instant income & option to increase income w/rent increases & 5th apt


  • Number of Units: 5
  • Type of Rental: 2 story, Apartment building
  • Year Built: 1959
  • Taxes: $7,761
  • Tax Year: 2021
  • County: Dane
  • Elementary School: Orchard Ridge
  • Middle School: Toki
  • High School: Memorial
  • MLS Number: 1938237

Unit 1

  • Beds: 1
  • Baths: 1 f | 0 h | 0 q
  • Parking: 1 Space
  • Sq Ft: 0

Unit 2

  • Beds: 2
  • Baths: 1 f | 0 h | 0 q
  • Parking: 1 Space
  • Sq Ft: 0

Unit 3

  • Beds: 2
  • Baths: 1 f | 0 h | 0 q
  • Parking: 1 Space
  • Sq Ft: 0

Unit 4

  • Beds: 2
  • Baths: 1 f | 0 h | 0 q
  • Parking: 1 Space
  • Sq Ft: 0

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