1608 Adams St, Madison

$450,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

UPDATE: All offers being presented to Seller Wednesday 11/6 This is a fantastic income property that is in great shape!! Currently it is 2 bedrooms downstairs and 3 bedrooms up, but the upstairs could easily have 4 bedrooms for additional income. Separately metered units are a bonus. The units are in great shape and fully occupied until 8/14/2020. The rents are currently low on the first floor because this tenant has lived there for several years, but the rents can be increased to market rate with new leases. Each rental unit includes 1 parking space and the owner charges $60 a month parking for non residents in the additional spots

Roseland Real Estate, LLC.

Essential Information
Status Offer-Show
Detailed Status Offer-Show
Days on Market 12
MLS® # 1871807
Price $450,000
Year Built 1922
Type Multi Family
Assessed Value $409,600
Year Assesed 2019
Net Taxes $8,957
Tax Year 2018
Total Income $30,907
Total Expenses $14,121
Net OP Income $16,786
Utilities Separate elec meters
Parking Per Unit 556,557
Exterior Stucco
Community Information
Address 1608 Adams St
MLS® Area MADISON - C W14
City Madison
County Dane
State WI
Zip Code 53711
School Information
District Madison
Elementary Franklin/Randall
Middle Hamilton
High West
Property Overview
2 Bedroom Units 1
3 Bedroom Units 1
Total Units 2
# of Water Heaters 1
# of Water Softeners 1
Heat Fuel Natural Gas
# of Stoves 2
# of Refrigerators 2
# of Dishwashers 1
Units with AC 1
# of Washers 1
# of Dryers 1
Unit 1 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 08/14/2020
Monthly Rent $1,100
Square Feet 1,390
Parking 1 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires 08/14/2020
Monthly Rent $1,360
Square Feet 1,232
Parking 1 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Additional Information
Zoning TR-C4
Short Sale No
REO / Bank Owned No
Property History
Status Changed from Active to Offer-Show
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DISCLAIMER: Information is supplied by seller and other third parties and has not been verified.The IDX information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data provided by the South Central Wisconsin MLS as of 11/11/2019.

Copyright 2019 – (South Central Wisconsin MLS) – All Rights Reserved

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