WI  > Dane  > Madison  > 5826 Balsam Rd

Sold price:

$495,000

Sold on 08/22/2022

5 Total Units
Listed by Restaino & Associates Era Powered  - Pref: 608-446-2210

Description

A solid 5-unit building w/strong rental history, rents for 4 units are below market level. Apt 5 $975 (potential rent, has new windows installed, kitchen cabs, BA fixtures, appls, & other materials all incl) was previously rented & remodel started-open to finish & increase income by ~25%, cost for remodel is in the listing price. Many updates made to make this an attractive home for tenants w/very low maintenance. New roof, vinyl siding, facia, & gutters 5 yrs ago. New carpet & vinyl flrs - unit 3, new carpet 3 yrs ago. New vanity & sink in all BA, mostly new faucets throughout. New appls (stove/fridge), sinks & backsplash in kitchens (5-6 yrs ago) & some garbage disposals changed. This is a well-running investment, make instant income & option to increase income w/rent increases & 5th apt

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Property Details

Features Multi Family

Total Number of Units: 5 Year Built: 1959
Total Lot Square Feet: 0 Unit 1 Parking: 1 Space
Taxes: $7,761 School District: Madison Metropolitan
Body of Water:

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Listing History

Date Event Change
Aug 22 2022 2:05PM Status Change Sold
Jul 12 2022 1:13PM Status Change Offer-Show
Jun 30 2022 1:21PM Price Change $490,000
Dec 20 2011 10:20AM Status Change Sold
Nov 28 2011 2:20PM Status Change Offer-Show
Nov 28 2011 1:20PM Price Change $124,900

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