3806 School Road, Madison

$495,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Start building your portfolio with this meticulously cared for 4 Unit. Seller has owned, managed & personally maintained the property for 45+ years & the pride of ownership is evident. All units are mostly carpeted but original oak hardwood lay underneath. Units have a separate dining area with built-in hutch. Spacious living room with large picture window and air conditioning unit. Separate basement storage for each unit & access to coin-op laundry. Updates include New Roof 4/23, Boiler 2016, HW Heater 2012, Electrical 2017, paved parking, & ext security cameras. The building is on a residential street, close to Mendota elementary, walking distance to bus line, dining, Warner Park & Lake Mendota. **Unit Photos MAY be similar unit in another Building**

Keller Williams Realty.

Essential Information
Status Sold
Detailed Status Sold 1/24/2024
Days on Market 270
MLS® # 1949739
Price $495,000
Year Built 1960
Type Multi Family
Assessed Value $355,000
Year Assesed 2022
Net Taxes $6,950
Tax Year 2022
Total Income $32,245
Total Expenses $17,067
Net OP Income $15,278
Utilities Separate elec meters
Parking Per Unit 556
Exterior Brick/Stone
Community Information
Address 3806 School Road
MLS® Area MADISON - C E03
City Madison
County Dane
State WI
Zip Code 53704
School Information
District Madison
Elementary Mendota
Middle Black Hawk
High East
Property Overview
2 Bedroom Units 4
Total Units 4
# of Water Heaters 1
# of Water Softeners 1
Heat Fuel Natural Gas
# of Stoves 4
# of Refrigerators 4
# of Dishwashers 1
Units with AC 4
# of Washers 1
# of Dryers 1
Unit 1 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 9/30/2024
Monthly Rent $820
Square Feet 850
Parking 1 Space
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 4/30/2024
Monthly Rent $600
Square Feet 850
Parking 1 Space
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 3 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 4/30/2024
Monthly Rent $680
Square Feet 850
Parking 1 Space
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 4 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 8/30/2024
Monthly Rent $820
Square Feet 850
Parking 1 Space
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Additional Information
Zoning SR-V1
Short Sale No
REO / Bank Owned No
Property History
Status Changed from Offer-Show to Sold
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 04/28/2024.

Copyright 2024 – (South Central Wisconsin MLS) – All Rights Reserved

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