Madison, WI 53711,5718 Balsam Road
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Madison, WI 53711,5718 Balsam Road
Madison, WI 53711,5718 Balsam Road
Madison, WI 53711,5718 Balsam Road
Madison, WI 53711,5718 Balsam Road
Listed by The Opportunity Team • Keller Williams Realty
Bought with Lori Schilling

$465,000

Est. payment /mo

$460,000

1.1%
Est.Price: ?

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5718 Balsam Road Madison, WI 53711

0.27 Acres Lot

SOLD DATE : 12/15/2023

Key Details

Sold Price $465,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Municipality MADISON

MLS Listing ID 1965849

Sold Date 12/15/23

Year Built 1962

Annual Tax Amount $7,247

Tax Year 2022

Lot Size 0.270 Acres

Acres 0.27

Property Description

Incredible investment opportunity to own a brick 4-unit apartment building on Madison's West side. Desirable floor plans with large kitchens and spacious living areas. All units have been updated in recent years with new bathroom vanities, new flooring, new light fixtures, and new kitchens with newer appliances. Each unit is provided with an off-street parking spot behind building as well as an additional private/secure storage unit in the basement. Separate furnaces and electrical meters for each unit allow for tenants to pay their own heat & electricity. Coin-op washer/dryer for additional monthly income. Secure owner/property manager maintenance room with additional storage and work area is another perk of ownership.

Location

State WI

County Dane

Zoning SR-V1

Rooms

Basement Full, Poured Concrete

Interior

Interior Features Water Softener, High Speed Internet

Heating Natural Gas

Cooling Forced Air

Exterior

Exterior Feature Brick

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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Matt Albrecht

Broker | License ID: 58942-90

+1(715) 699-4459

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