4 apartment buildings with a total of 37 units located just off Stoughton Rd and Buckeye. New roofs on all 4 buildings in 2012. Tenants pay heat, hot water and electric in 16 units and all tenants pay electric. Off street parking, hardwood floors and carpet and dish washers in 16 units. Two buildings have boiler systems and two buildings have separate forced air units for each apartment. 2012 Annual gross income was $294,878
The property consists of six two story mansard style buildings. The complex has a good unit mix of 48 1 bdrs, 48 2 bdrs, and 32 3 bdrs. Each apartment has a patio or balcony. The buildings have a central heat and hot water system. The Property is currently 97% occupied. The lockout on the current mortgage expires in December, 2013 allowing a buyer to place new more attractive financing on the Property.
Brick 4 unit located on Madison' s west side with a new roof, onsite parking & hardware floors throughout. Nice spacious layout with 3 bedrooms and one full bath in each unit. Tenants pay electric, hot water and garbage removal. Total annual gross income $38,160
16 unit apartment complex with onsite parking located just of E. Washington Ave. on Madison' s east side. This parcel consist of two 8 unit apartment buildings with four 2 bedroom units and four 1 bedroom units in each building. Tenants pay electric, gas and garbage removal. There are a total 16 electric water heaters. (Property is being sold as is)
6 unit apartment building with onsite parking located just off Atwood Ave. Building consist of four 1 bedroom units and two efficiencies with all tenants paying electric, gas and garbage removal. Great location and easy to rent. (Property is being sold as is)
Take advantage of the low vacancy rate in Madison and buy this 37 unit luxury apartment building. The building is not yet construction; plans and pricing details are available. This project is in the affluent Grandview Commons neighborhood with fantastic views of the Capitol and Lake Monona. Location is in close proximity to schools, libraries, airport and highway access. Location offers something for everyone; restaurants, shopping, and health care needs.
Located just five blocks from the Capitol with tremendous exposure. This all brick building houses six campus oriented rental units including 10 off-street parking stalls. A new roof was put on in 2008. Commercial or residential application. Fully leased through the 2012-2013 season with an annual gross income of $76,500
Brick 4 unit apartment complex with 2 bedrooms and 1 bath. Located just off the Beltline Hwy and 5 minutes from downtown. Hardwood floors throughout, large spacious layout, laundry in basement and onsite parking. Currently being rented out as 1 bedroom units but will be re-leasing them as 2 bedrooms at $680/month when the 1 bedroom leases end.
4 unit apartment complex with 1 bedroom & 1 bath in each unit. Located just off Fish hatchery Rd. and about 5 minutes from downtown. Well maintain rental with wood floors throughout and ample parking behind. Annual gross income is $27,600
2 buildings on one parcel for sale. 2409 Commercial Ave. is a 3 bedroom single family home with a detached 2 car garage currently leased out at $900/month . 560 North St. is zoned for commercial use but is currently being used as a 2 bedroom apartment leased out at $660/month with both tenants paying all utilities including snow removal. Excellent investment opportunity. (Property is being sold as is)