3722 W Karstens Drive new Save Request In-Person Tour Request Virtual Tour
Madison,WI 53704
$ 1050000
8 Beds
4 Baths
2904 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment building
Listing Status Active
Purchase Type For Rent
Square Footage 2,904 sqft
MLS Listing ID 2002505
Bedrooms 8
Full Baths 4
Year Built 1971
Annual Tax Amount $14,911
Tax Year 2024
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Apartment building
Property Description
Rare opportunity to purchase a Madison investment property that actually makes money!!! This 8 unit property is all 2 bed/1 bath apartments with current rents ranging between $1,410-$1,600. As of the date of listing, there is one vacancy. Current actual rent roll results in over $125K in gross income. By filling the one vacancy, another $18K in revenue can be easily added. Landlord currently includes heat & water in rent. Tenant's pay their own electric. Current owner self manages.
Location
State WI
County Dane
Area Madison - C E03
Zoning SR-V1
Direction Right on Karstens
Rooms
Basement Full,Poured concrete foundatn
Interior
Heating Radiant
Inclusions 8 refrigerators, 8 oven/stoves, 8 in wall A/C's, boiler, water heater(s), water softener
Heat Source Natural Gas
Exterior
Parking Features Outside
Utilities Available Separate elec meters
Building
Water Municipal sewer,Municipal water
Structure Type Vinyl,Brick
Schools
Elementary Schools Call School District
Middle Schools Call School District
High Schools Call School District
School District Madison
Others
Virtual Tour https://my.matterport.com/show/?m=1EJzav3yp8s&brand=0&mls=1&