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This 26 unit, all brick, apt building has been with the same owner for the last 25 years! The property consists of 26 two bedroom apts with uniform floor plans. Current rents range from $1,075 (legacy tenants) to $1,350 (latest turn overs). Units should rent for $1,350+, as is, with just one turn over. Some updates include 2017 driveway/parking lot, 2016 new high efficiency boiler, 2023 new water softener, 2025 new water heater & stairwell carpet, 18 units have new flooring since 2020. $383K current annualized rent roll with clear path to $446K/year. Professionally managed (Prima) and operates efficiently at under $120K/year (2024) in operating expenses. Seller's property manager will be offering renewals for Jul & Aug shortly, so call today to control the future of this great property!
Property Type(s):
Multi Family
| Last Updated | 7/1/2025 | Year Built | 1955 |
|---|---|---|---|
| County | Dane |
SCHOOLS
| School District | Madison |
|---|---|
| Elementary School | Lapham/Marquette |
| Jr. High School | OKeeffe |
| High School | East |
Additional Details
| APPLIANCES | Refrigerator, Water Softener |
|---|---|
| BASEMENT | Finished, Full, Partially finished, Yes |
| LOT | 0.917 acre(s) |
| MLS STATUS | Active |
| SEWER | Public Sewer |
| TAXES | 42303 |
| WATER | Public |
Listed with The Hub Realty
Information is supplied by seller and other third parties and has not been verified.
Copyright 2025 South Central Wisconsin MLS Corporation. All rights reserved.
IDX information is provided exclusively 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.
This IDX solution is (c) Diverse Solutions 2025.
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