Bought with Home Team4u
$495,000
$490,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
5826 Balsam Rd Madison, WI 53711
0.37 Acres Lot
Key Details
Sold Price $495,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Municipality MADISON
Subdivision Meadowood
MLS Listing ID 1938237
Sold Date 08/22/22
Year Built 1959
Annual Tax Amount $7,761
Tax Year 2021
Lot Size 0.370 Acres
Acres 0.37
Property Description
A solid 5-unit building w/strong rental history, rents for 4 units are below market level. Apt 5 $975 (potential rent, has new windows installed, kitchen cabs, BA fixtures, appls, & other materials all incl) was previously rented & remodel started-open to finish & increase income by 25%, cost for remodel is in the listing price. Many updates made to make this an attractive home for tenants w/very low maintenance. New roof, vinyl siding, facia, & gutters 5 yrs ago. New carpet & vinyl flrs - unit 3, new carpet 3 yrs ago. New vanity & sink in all BA, mostly new faucets throughout. New appls (stove/fridge), sinks & backsplash in kitchens (5-6 yrs ago) & some garbage disposals changed. This is a well-running investment, make instant income & option to increase income w/rent increases & 5th apt
Location
State WI
County Dane
Zoning R4
Rooms
Basement Full, Block
Interior
Heating Natural Gas
Cooling Forced Air
Exterior
Exterior Feature Brick, Stone
Utilities Available Separate Electric Meters, Separate Gas Meters
Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Orchard Ridge
Middle Schools Toki
High Schools Memorial
School District Madison
Others
Special Listing Condition Arms Length
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