Lifestyle Property For Sale- By United Country Midwest Lifestyle Pr...

Listed by The McGrady Group, LLC
Bought with EXP Realty, LLC

$700,000

Est. payment - /mo

8 Beds

4 Baths

3,920 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment building,2 story

Listing Status Sold

Purchase Type For Sale

Square Footage 3,920 sqft

Price per Sqft $169

MLS Listing ID 2003106

Bedrooms 8

Full Baths 4

Year Built 1989

Annual Tax Amount $8,868

Tax Year 2023

Lot Size 0.390 Acres

Property Sub-Type Apartment building,2 story

Property Description

This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD's Small Area Fair Market Rent (SAFMR) guidelines for Dane County, effective through September 2028. Heat pumps installed – Sep 2023, All refrigerators replaced – Jun 2022, New water softener – May 2022, Energy efficiency improvements – October 2022: Blower door test, Attic air sealing & additional insulation, Bathroom vent fans replaced

Location

State WI

County Dane

Area Madison - C E03

Zoning SR-V2

Interior

Heating Heat Pump

Exterior

Parking Features 1 stall garage, Attached, 1 space, Opener inc

Utilities Available Separate elec meters, Separate gas meters

Building

Water Municipal sewer, Municipal water

Structure Type Vinyl,Brick

Schools

Elementary Schools Mendota

Middle Schools Black Hawk

High Schools East

School District Madison

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