Bought with Keller Williams Realty
$495,000
$495,000
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5833 Balsam Rd Madison, WI 53711
10 Beds
6 Baths
4,254 SqFt
Key Details
Sold Price $495,000
Property Type Multi-Family
Sub Type 2 story,Townhouse style units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,254 sqft
Price per Sqft $116
Subdivision Meadowood
MLS Listing ID 1891514
Sold Date 12/11/20
Bedrooms 10
Full Baths 4
Half Baths 4
Year Built 1964
Annual Tax Amount $6,462
Tax Year 2019
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Remarkable potential CASH FLOWING OPPORTUNITY to own 2 adjacent 4 unit townhouse bldgs w/ courtyard, patios & long term tenants. Fair market rents are $1000-$1100+/mo/2Bd & $1100-$1200+/mo/3Bd. Additional improvements will result in even greater net income.Well maintained bldgs are adjacent to single family homes, Meadowood park, Community Gardens, playground & at end of street w/ free parking. Seller updates include: newer appliances, flooring, windows, mechanicals, 12'x14' outdoor patios in courtyard. 3 of 4 units leased till 2021; great opportunity for immediate owner occupancy. Perfect location on Westside; just minutes from EPIC, Exact Sciences, Promega, Downtown, UW hospitals, EPIC, Middleton & Verona.Own 8 units: Easy maintenance, long term investment, cash flow & tax deductions.
Location
State WI
County Dane
Area Madison - C W09
Zoning SR-V1
Direction Hwy 12/18, South on Hwy 18/151. Turn west onto Raymond Rd, Left on Leland Dr, Right onto Balsam Rd, property at end on left. Park on Thrush Ln.
Rooms
Basement Full, Partially finished, Poured concrete foundatn
Interior
Heating Forced air
Heat Source Natural Gas
Exterior
Garage 1 space, 2 spaces, Outside
Utilities Available Separate elec meters, Separate gas meters, Separate water meters
Building
Water Municipal sewer, Municipal water
Structure Type Wood,Brick
Schools
Elementary Schools Orchard Ridge
Middle Schools Toki
High Schools Memorial
School District Madison
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