702 N Thompson Dr, Madison

$300,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Tremendous value in this new addition to your investment portfolio. Or are you just getting started investing? Either way, you will love the strong cash flow. Who would've thought you could get a property in Madison at a 10 GRM. Plus this can be hands off as tenants are responsible for utilities, lawn and snow. Tenants love the spacious units & 2 car garages. Per seller, 2019 updates include a new refrigerator, washer, dryer & water heater. One stove & one dishwasher in 2018 & the other water heater in 2017 . Stated income is based on annual projection for current rents. Landlord pays sewer. UHP Home Warranty!

First Weber Inc.

Essential Information
Status Sold
Detailed Status Sold 1/15/2020
Days on Market 124
MLS® # 1864215
Price $300,000
Year Built 1992
Type Multi Family
Assessed Value $258,500
Year Assesed 2019
Net Taxes $5,744
Tax Year 2018
Total Income $32,400
Utilities Separate elec meters, Separate gas meters
Parking Per Unit 550,551,560
Exterior Vinyl
Community Information
Address 702 N Thompson Dr
MLS® Area MADISON - C E08
City Madison
County Dane
State WI
Zip Code 53704
School Information
District Madison
Elementary Schenk
Middle Whitehorse
Property Overview
3 Bedroom Units 2
Total Units 2
# of Water Heaters 2
Heat Fuel Natural Gas
# of Stoves 2
# of Refrigerators 2
# of Dishwashers 2
Units with AC 2
# of Washers 2
# of Dryers 2
Unit 1 Details
# of Bedrooms 3
# of Full Baths 1
# of Half Baths 1
Lease Expires 04/30/2020
Monthly Rent $1,350
Square Feet 1,450
Parking 2 Car Garage
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Unit 2 Details
# of Bedrooms 3
# of Full Baths 1
# of Half Baths 1
Lease Expires 8/31/2020
Monthly Rent $1,350
Square Feet 1,250
Parking 2 Car Garage
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Additional Information
Zoning SR-C3
Barrier Free Open floor plan, Low pile or no carpeting
Short Sale No
REO / Bank Owned No
Property History
Status Changed from Offer-Show to Sold
Status Changed from Active to Offer-Show
Status Changed from Offer-Show to Active
Status Changed from Active to Offer-Show
Price Reduced from $324,900 to $314,900
Show All History (6)
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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 11/30/2020.

Copyright 2020 – (South Central Wisconsin MLS) – All Rights Reserved

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