854 E Gorham St, Madison

$460,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Meticulously maintained 2-unit property with spacious floor plans, large windows, hardwood floors, high ceilings, and original woodwork. Walking distance to the lake, many local restaurants, coffee shops, a grocery store, and parks. Short jaunt by bus or bike to downtown and UW. Attracts tenants year-round, grossing $33,600 in annual income. Upgrades: interior paint (‘21), landscaping (‘21), unit 1 new range (‘21), roof/gutters/downspouts (‘18), unit 1 water heater (‘20), washer/dryer (‘18), unit 2 windows & storms (‘17/‘18). Allow 30 hour notice for showings.

Realty Executives Cooper Spransy.

Essential Information
Status Sold
Detailed Status Sold 11/5/2021
Days on Market 35
MLS® # 1917889
Price $460,000
Year Built 1902
Type Multi Family
Assessed Value $494,100
Year Assesed 2021
Net Taxes $10,200
Tax Year 2020
Total Income $33,600
Utilities Separate elec meters, Separate gas meters
Parking Per Unit 561
Exterior Vinyl
Community Information
Address 854 E Gorham St
MLS® Area MADISON - C E01
City Madison
County Dane
State WI
Zip Code 53703
School Information
District Madison
Elementary Lapham/Marquette
Middle OKeeffe
High East
Property Overview
1 Bedroom Units 2
Total Units 2
# of Furnaces 2
# of Water Heaters 2
Heat Fuel Natural Gas
# of Stoves 2
# of Refrigerators 2
# of Dishwashers 1
# of Washers 1
# of Dryers 1
Unit 1 Details
# of Bedrooms 1
# of Full Baths 1
Lease Expires 9/1/2022
Monthly Rent $1,200
Square Feet 916
Parking Street
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 1
# of Full Baths 1
Lease Expires 7/31/2022
Monthly Rent $1,600
Square Feet 1,317
Parking Street
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Additional Information
Zoning TR-C4
Barrier Free Open floor plan, First floor bedroom, Level lot, 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
Price Reduced from $485,000 to $460,000
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Data provided by the South Central Wisconsin MLS as of 07/05/2022.

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