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Additional details
Listed by The Hub Realty
$3,000,000
Est. payment /mo
1.17 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Contingent
Purchase Type For Sale
Municipality MADISON
MLS Listing ID 1992127
Year Built 1970
Annual Tax Amount $45,140
Tax Year 2024
Lot Size 1.170 Acres
Property Description
Opportunity to own 24 apartments on the same block! Three 8 unit buildings. All 24 units are 2BD/1BA. 19 of 24 units have been turned over & re-leased during the last 18-24 months. 5 units were either just completed or are in process of being renovated and are currently vacant. Rented units are leased between $1,200-$1,600 with current monthly rent roll of $27,616 ($331,392 annual) on the 19 occupied units. The sale includes 3722 E Karstens, 3730 E Karstens & 3722-3724 W Karstens and is available as a package. Seller requests offers only on the entire package. Seller is a partnership & requests 24+ hours for binding acceptance. Closing date flexible, w/n 60 days of acceptance preferred.
Location
State WI
County Dane
Zoning SR-V1
Rooms
Basement Full, Poured Concrete
Interior
Heating Natural Gas
Cooling Radiant/Electric
Inclusions all appliances
Exterior
Utilities Available Separate Electric Meters
Building
Dwelling Type Apartment Building,2 Story
Sewer Municipal Water, Municipal Sewer
Structure Type Brick,Stone
New Construction N
Schools
Elementary Schools Call School District
Middle Schools Call School District
High Schools Call School District
School District Madison
Others
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