Rare investment opportunity to own a 5-unit on the isthmus; property offered under assessment, seller looking to downsize. Unit 5 is mo-to-mo w/lease ending 7/27/2024; $1,000@mo +$85 parking; private rear deck, 2 separate living rooms. 1 driveway parking space, street parking for others. All units are below market rents, seller was slowly moving up rents. Very easy to rent, often there is a wait list. Showings require a min of 12 hours advance notice due to all units being rented. All main/unit doors have code locks for entry, $1k upgrade. Leases/income available to verified buyers only. New roof in 2015, new boiler 2023, approx. 40% of wood siding replaced in 2010, additional cedar siding remaining in basement. Property sold with Trustee's Deed; "As Is-As Found".
Nicely cared for two flat with driveway parking in a prime location in the heart of Williamson St near restaurants, shops, bars, and Lake Monona! Utilities are separately metered, but owner currently pays them. Could be changed for next lease. Free washer/dryer located in the basement. New water heater in the last 2 years. Income = $3,520/mo.
This charming 2-unit home has undergone some impressive improvements that enhance its appeal and functionality. The front room has been converted into a cozy bedroom, complete with new closets and a door. In the 1st unit apartment, the middle space has been opened up, creating a more spacious common area for relaxing and socializing. Both unit 1 & 2 now have in-unit washer/dryers for added convenience. The 2nd floor apartment features beautifully restored hardwood floors and a generous 1 bdrm layout. You'll also enjoy a private back deck. The kitchen in both units has been upgraded with new stainless steel appliances, adding a touch of modern style. Situated just one block away from BB Clark and Willy Street, this home offers a fantastic location!
4 unit rental property located near the intersection of W. Gorham St. and Washburn Place just one block from Lake Mendota. Highly desirable location just one mile from downtown Madison and walking distance to many local restaurants, entertainment, Festival Foods and other retailers. Units 405 & 407 Washburn Place are both 500 sq.ft. studios with 1 bath each. Units 407 & 409 Washburn Place are both 650 sq.ft. with 1 bed and 1 bath each. Fully leased out until 2025.
2 flat rental property conveniently located just off Williamson St. about half a block from Willy Street Co-op (Grocery Store). Apt #1 is 1,051 sq.ft. with 2 beds and 1 bath leased out at $1,420/month (rent will increase to $1,595/month in Aug 2024). Apt #2 is 1,500 sq.ft. with 4 beds + den and 1 bath leased out at $1,675/month (rent will increase to $1,800/month in Aug 2024). Highly desirable location! Walking distance to Lake Monona, Yahara River and many local restaurants/entertainment. Residents can enjoy easy access to canoeing, kayaking and biking. Off street parking only, no driveway included. (2 vehicles from 1206 Jenifer St. have access to parking behind 1208 Jenifer St. (which is also listed for sale) until current leases expires)
The median home value in Madison, WI is $400,000. This is higher than the county median home value of $265,300. The national median home value is $219,700. The average price of homes sold in Madison, WI is $400,000. Approximately 45.61% of Madison homes are owned, compared to 50.14% rented, while 4.25% are vacant. Madison real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Madison real estate agent to arrange a tour today!
Madison, Wisconsin has a population of 248,856. Madison is less family-centric than the surrounding county with 30.85% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in Madison, Wisconsin is $59,387. The median household income for the surrounding county is $67,631 compared to the national median of $57,652. The median age of people living in Madison is 31 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 10.3 degrees. The average rainfall is approximately 35.7 inches per year, with 42.5 inches of snow per year.