2005 Lake Point Drive, Madison

$390,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Presenting a lucrative opportunity with this well-maintained 2-unit property, situated near all of Monona's amenities, ensuring high rentability and continuous cash flow. Washer and dryer hookups available in the basement, adding a layer of convenience for tenants and the potential for additional income. Storage units in the basement for both tenants. Currently, one of the units is vacant, offering a perfect scenario for an owner-occupant to live in one unit while enjoying the financial benefits of renting out the other. Alternatively, it's a choice for investors looking to capitalize on the area's high demand. This property is not just a residence, but an investment in a vibrant and desirable community.

Exp Realty, Llc.

Essential Information
Status Sold
Detailed Status Sold 4/5/2024
Days on Market 9
MLS® # 1969556
Price $390,000
Year Built 1958
Type Multi Family
Assessed Value $246,300
Year Assesed 2023
Net Taxes $4,501
Tax Year 2023
Total Income $38,400
Utilities Separate elec meters
Parking Per Unit 556,557
Exterior Vinyl
Community Information
Address 2005 Lake Point Drive
MLS® Area MADISON - C E15
City Madison
County Dane
State WI
Zip Code 53713
School Information
Property Overview
3 Bedroom Units 2
Total Units 2
# of Water Softeners 2
Heat Fuel Natural Gas
# of Stoves 2
# of Refrigerators 2
Unit 1 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires Vacant
Monthly Rent $1,600
Square Feet 1,170
Parking 1 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Unit 2 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires 7/31/2024
Monthly Rent $1,600
Square Feet 1,170
Parking 1 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Additional Information
Zoning TR-V1
Short Sale No
REO / Bank Owned No
Property History
Status Changed from Active to Sold
Map Views
To load a map, click on one of the tabs above

Get directions to this property:

Properties for Sale Similar to 2005 Lake Point Drive, Madison, WI

Photo of Listing #1969559
Sold

2009 Lake Point Drive, Madison

$465,000

MLS® # 1969559, 9 days, Sold

Photo of Listing #1969295
Sold

2882-2886 Kingston Drive, Madison

$525,000

MLS® # 1969295, 8 days, Sold

Photo of Listing #1966637
Sold

144 Nygard Street, Madison

$314,000

MLS® # 1966637, 4 days, Sold

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 05/04/2024.

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

Sign up for email updates