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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