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Jamie Phephles

RE/MAX Preferred - Elevate Realty Group

jamie@grandalliancewi.com +1(608) 963-6923

Listed by The Hub Realty

$1,050,000

8 Beds

4 Baths

2,904 SqFt

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Key Details

Property Type Multi-Family

Sub Type Apartment building

Listing Status Active

Purchase Type For Rent

Square Footage 2,904 sqft

MLS Listing ID 2002505

Bedrooms 8

Full Baths 4

Year Built 1971

Annual Tax Amount $14,911

Tax Year 2024

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Apartment building

Property Description

Rare opportunity to purchase a Madison investment property that actually makes money!!! This 8 unit property is all 2 bed/1 bath apartments with current rents ranging between $1,410-$1,600. As of the date of listing, there is one vacancy. Current actual rent roll results in over $125K in gross income. By filling the one vacancy, another $18K in revenue can be easily added. Landlord currently includes heat & water in rent. Tenant's pay their own electric. Current owner self manages.

Location

State WI

County Dane

Area Madison - C E03

Zoning SR-V1

Direction Right on Karstens

Rooms

Basement Full, Poured concrete foundatn

Interior

Heating Radiant

Inclusions 8 refrigerators, 8 oven/stoves, 8 in wall A/C's, boiler, water heater(s), water softener

Heat Source Natural Gas

Exterior

Parking Features Outside

Utilities Available Separate elec meters

Building

Water Municipal sewer, Municipal water

Structure Type Vinyl,Brick

Schools

Elementary Schools Call School District

Middle Schools Call School District

High Schools Call School District

School District Madison

Others

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Jamie Phephles

Broker | Team Owner | License ID: 57110-90

+1(608) 963-6923 | jamie@grandalliancewi.com

3722 W Karstens Drive Madison, WI 53704

Jamie Phephles

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3722 W Karstens Drive

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