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505 Cottage Grove Rd

Madison, WI 53716
  • $975,000
  • STATUS: Offer-Show
  • ON SITE: 219 Days
  • ID#: 1945837
Under Contract
UPDATED: 42 min ago
$975,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,733
    SQFT
  • $170
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1973
County:

School Ratings & Info

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: 2023-06-01T06:41:54.613.
www.housesthatshine.com/homes/134225501
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505 Cottage Grove Rd Madison, WI 53716

  • Price: $975,000
  • Status: Offer-Show
  • On Site: 219 Days
  • Updated: 42 min ago
  • ID#: 1945837
0
Beds
0
Baths
0
½ Baths
0.24
Acres
5,733
SQFT
$170
$/SQFT
1973
Built
Neighborhood:
Madison - C E13
County:
Dane
Area:
Madison - C E13
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

Building Parking 11-20 SpacesPavedShared Exterior WoodBrickStucco Loading Docks 0 Location Business DistrictFree StandingResidential AreaNear Major HighwayNear Public Transportatn Roof Other Type RetailOfficeServiceBeauty/BarberApartment Building

Interior Features

Basement Slab/None Ceiling Height Max 15 Ceiling Height Min 11 Commercial Features Private RestroomsShared RestroomsResidential Unit(S)Inside Storage Heating Cooling RadiantCentral AirOther Unit1 Gross Sq Ft 1219

Property Features

Annual Operating Expenses 21453 Business Sale No City Town Or Village City County Quarter East Metro Madison Documents On File Lease(S)P &Amp; L StatementProperty Condition Report Fuel Natural Gas Gross Operating Income 90340 Lease Only No Lease Type Mixed Lease TypesMonth To MonthMultiple Years Licenses None Mailing City Madison Miscellaneous Internet - Cable Net Operating Income 68887 Net Taxes 14791 Occupancy Tenant(S) Present Use RetailOfficeBeauty/Barber ShopApartment Building Real Estate Sale Yes Sale Includes Lease(S) Source Sq Ft Assessor Tax Year 2021 Tenant Pays Electric Unit1 Annual Rent Per Sq Ft 17.96 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: 2023-06-01T06:41:54.613.
 
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RE/MAX Shine
101 N Main St.
Jefferson WI, 53549
Listing provided by The Alvarado Group, Inc: 608-251-6600