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Wayne Sadek
Mobile: 608-444-0133
iPhone: 6084440133
Email: [email protected]
Web: WayneSadek.firstweber.com
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Listed By First Weber Realtors - West Towne
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5726 Russett Rd, Madison, WI 53711
Multi Family
MLS#: 1940616
Status: Offer-No Show
Price: $1,400,000
 
Property Information
Water/Sewer: Municipal sewer, Municipal water
Barrier Free: Door openings 29" or more, Low pile or no carpeting, Stall shower, Width of hallways 36"+, Width of hallways 42"+
Exterior: Brick, Vinyl
Elem Sch: Orchard Ridge
Middle Sch: Toki
High Sch: Memorial
School District: Madison Metropolitan
Basement: Full, Poured Concrete Foundation, Walkout
Utilities: Sep elec meters each unit
Fuel:
Listed Defects:
 
Financial Information
Parcel ID: 0709-313-1030-7
Condo Fee: 0
Fee Includes:
Improvements: $350,000
Total Income: 109992
Total Expenses: 0
Net Operating Inc: 0
Year:
Lnd Assess: $132,000
Tot Assess: $482,000
Assess Year: 2022
Net Taxes: $8,922
Tax Year: 2021
 
Property Features
Unit 1 Features: Air conditioning, Balcony/patio, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor
Unit 2 Features: Air conditioning, Balcony/patio, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor
Unit 3 Features: Air conditioning, Balcony/patio, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor
Unit 4 Features: Air conditioning, Balcony/patio, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor
Miscellaneous Features:
Environmentally Friendly Features:
County: Dane Area: W08
Price: $1,400,000 Year Built: 1962
Total Units: 8 Zoning: SR-V1
Efficiency Units: 0 1 Bdrm: 0
2Bdrm Units: 4 3+Bdrm Units: 4
8-Unit investment opportunity! 4 x 3Bd/2Ba and 4 x 2 Bd/1Ba units in well-maintained, brick/vinyl 2-story, updated apts, wood/tile floors. Seller Updates 8/2022: new steel roof, new concrete driveway, resurfaced & striped parking lot. 1 parking space/unit; 2 extra stalls rentable+1 leased coin W/D provides additional income. Separate tenant electric meters, LL shared laundry (building has W/D hookups for 8 units), LL secure/private tenant storage, LL walkout. Within 1 block: bus line, shopping, schools, employment & bike routes. 100% Occupied, long term tenants, turnkey. 1 mo/mo lease for owner to occupy. Current rents below fair market value. RentOMeter average rent for this address is $1492/3Bd. Great opportunity for increased cash flow, ROI, net worth. Seller may execute 1031 exchange.
Directions: Hwy 12/18, South On Whitney Way, West On Russett Rd.
Unit/Type BDRM FB HB QB Lse Exp MO Rent SQ FT Parking
Air conditioning, Balcony/patio, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor 3 2 0 0 8/1/2023 1250 1050 1 Space
Air conditioning, Balcony/patio, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor 3 2 0 0 12/31/22 1164 1050 2 Space
Air conditioning, Balcony/patio, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor 3 2 0 0 2/28/23 1249 1050 1 Space
Air conditioning, Balcony/patio, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement, Wood or sim. wood floor 3 2 0 0 7/2023 1250 1050 1 Space
 
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The information shown on this sheet is believed to be accurate and reliable but is not guaranteed and is subject to corrections Sat, Oct 1, '22