Acres0.15
Year1904
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Status:
Active
Property Type:2 Story
MLS #:1952234
On Site:69 Days
Lot Size:0.15 Acres
County:Dane
Listing Office
Office:Madisonflatfeehomes.com
Broker Email:[email protected]
University Heights! 4 units with 6 outdoor parking spaces, fully rented with a 17% annual return. Updates include windows, roof, foundation restoration, water heaters, furnace, siding, and many updates to units. Well maintained property close to hospital, vet school, and university! Two 1 bedroom units, one 2 bedroom unit, one 3 bedroom unit with high ceilings, vintage charm, hardwood floors, and private entries. Shared coin-op laundry for extra income. Two fully furnished units rented monthly via AirBnB generating excellent income. Two units with annual leases. One parking space for each unit, two additional spaces can be rented. Excellent investment opportunity in a prime location!
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Price Change History
| Date | Old Price | New Price | Percent Change |
| 5/5/2023 | $1,046,000 | $995,000 | -4.9% |
Community Information
Address:2109 University Ave, Madison, WI 53726
Area:Madison - C W14
County:Dane
City:Madison
Zip Code:53726
School Information
School System:Madison
High School:West
Middle School:Hamilton
Elementary School:Franklin/Randall
Architecture
Year Built:1904
Stories:2
Exterior: Vinyl
Construction Type: Duplex-side by side, 2 story
Unit 1 Bedrooms: 1
Unit 1 Bathrooms: 1 Full
Unit 1 Sq. Ft.: 675
Unit 1 Parking Places: 1 Space
Unit 2 Bedrooms: 3
Unit 2 Bathrooms: 1 Full
Unit 2 Sq. Ft.: 1000
Unit 2 Parking Places: 1 Space
Unit 3 Bedrooms: 1
Unit 3 Bathrooms: 1 Full
Unit 3 Sq. Ft.: 500
Unit 3 Parking Places: 1 Space
Unit 4 Bedrooms: 2
Unit 4 Bathrooms: 1 Full
Unit 4 Sq. Ft.: 890
Unit 4 Parking Places: 1 Space
Basement: Full
Parking per Unit: Outside
Parking Stalls Outside: 6
Features / Amenities
Heating: Radiant
Fuel: Natural Gas
Property Features
Lot Size:
0.15 Acres
Water / Waste: Municipal sewer, Municipal water
Zoning:TR-U1/HIS
Directions:Regent Street to N on Allen Blvd, right on University Ave
Tax and Financial Info
Tax Year: 2022
Net Taxes: $12,104
Total Assess: $567,000 / 2022
Unit 1 Rent: $1,170 / month
Unit 2 Rent: $2,200 / month
Unit 3 Rent: $1,700 / month
Unit 4 Rent: $1,700 / month
Total Income: $82,500
Total Expenses: $13,762
Net Income: $68,738
Legal Documents: Condition report on file, Income/Exp Report Avail, Lease(s) on file
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2109 University Ave Madison, WI 53726
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Listing Information Last Updated 5/30/2023
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