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505 Cottage Grove Rd

Madison, WI 53716
  • $975,000
  • STATUS: Offer-Show
  • ON SITE: 218 Days
  • ID#: 1945836
Under Contract
$975,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by The Alvarado Group, Inc: 608-251-6600

Description

This is a great opportunity to start an income property portfolio with these 4 residential two bedrooms and 2 commercial units. Located on the East side of Madison near Monona with easy access to main roads. Recently renovated, each residential unit has two bedrooms, one bathroom, and a combined dining and living room. Sellers installed new laminate floors, kitchen, and bathroom cabinets in all the units in 2021. The roof was replaced in 2021. Plenty of parking. The property generates great income and is easy to rent. The financials spreadsheet is available upon request.

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© 2023 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. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Shine. Data last updated: 2023-05-30T23:41:32.307.
www.housesthatshine.com/homes/134225499
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505 Cottage Grove Rd Madison, WI 53716

  • Price: $975,000
  • Status: Offer-Show
  • On Site: 218 Days
  • ID#: 1945836
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1973
Built
Neighborhood:
Madison - C E13
County:
Dane
Area:
Madison - C E13
Elementary School:
Allis
Middle School:
Sennett
High School:
Lafollette
School District:
Madison
Property Description
This is a great opportunity to start an income property portfolio with these 4 residential two bedrooms and 2 commercial units. Located on the East side of Madison near Monona with easy access to main roads. Recently renovated, each residential unit has two bedrooms, one bathroom, and a combined dining and living room. Sellers installed new laminate floors, kitchen, and bathroom cabinets in all the units in 2021. The roof was replaced in 2021. Plenty of parking. The property generates great income and is easy to rent. The financials spreadsheet is available upon request.
Exterior Features

Exterior VinylWoodBrickStucco Parking Spaces Outside 15 Parking Stalls Inside 0 Type Apartment Building Unit1 Parking 2 Space Unit2 Parking 2 Space Unit3 Parking None Unit4 Parking None

Interior Features

Basement None Clothes Dryers 1 Clothes Washers 1 Dish Washers 4 Heating Type Forced Air Number Of Efficiencies 0 Number Of One Bedrooms 2 Number Of Three Plus Beds 0 Number Of Two Bedrooms 4 Refrigerators 4 Stoves 4 Unit1 Air ConditioningRange/OvenRefrigeratorDishwasher Unit1 Bedroom2 Dim 12X12 Unit1 Bedrooms 2 Unit1 Dining Room Dim 12X18 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Kitchen Dim 12X10 Unit1 Living Great Room Dim 12X12 Unit1 Master Bedroom Dim 12X11 Unit1 Sq Ft 771 Unit2 Air ConditioningRange/OvenRefrigeratorDishwasher Unit2 Bedroom2 Dim 12X12 Unit2 Bedrooms 2 Unit2 Dining Room Dim 12X18 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Kitchen Dim 12X10 Unit2 Living Great Room Dim 12X12 Unit2 Master Bedroom Dim 12X11 Unit2 Sq Ft 771 Unit3 Air ConditioningRange/OvenRefrigeratorDishwasher Unit3 Bedrooms 2 Unit3 Full Baths 1 Unit3 Half Baths 0 Unit3 Sq Ft 771 Unit4 Air ConditioningRange/OvenRefrigeratorDishwasher Unit4 Bedrooms 2 Unit4 Full Baths 1 Unit4 Half Baths 0 Unit4 Sq Ft 771 Units With AC 6

Property Features

Association South Central Wi City Town Or Village City County Quarter East Metro Madison Fuel Natural Gas Furnaces 1 Legal Documents Lease(S) On FileIncome/Exp Report AvailCondition Report On File Mailing City Madison Miscellaneous Shared LaundryWater Softener OwnedInternet - Cable Net Operating Income 68887 Net Taxes 14791 Open House No Park Unit Outside Source Acreage Assessor Tax Year 2021 Total Expenses 21453 Total Income 90340 Unit1 Rent 1100 Unit2 Rent 1100 Unit3 Rent 1070 Unit4 Rent 1100 Water Heaters 1 Water Softeners 1 Water Waste Municipal WaterMunicipal Sewer Year Built Source Assessor Zoning Cc-T

Listing information © 2023 South Central Wisconsin MLS.
Listing provided courtesy of The Alvarado Group, Inc: [IDXCONTACTINFORMATION].



© 2023 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. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Shine. Data last updated: 2023-05-30T23:41:32.307.
 
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RE/MAX Shine
101 N Main St.
Jefferson WI, 53549
Listing provided by The Alvarado Group, Inc: 608-251-6600