3xcellent Investment or 1st Time Buyer Opportunity!
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Location ... Location ... Location. This 3-bedroom single family home is located on the Isthmus in the popular Tenny/Lapham neighborhood close to numerous amenities including Madison's downtown square, several parks, two lakefronts, Williamson Street Corridor, abundant restaurants, and several bike trails and bus routes. Conveniently located educational opportunities include, Lapham/Marquette Elementary, Okeefe Middle School, East High School, MATC and UW-Madison. Very stable neighborhood, high income and low crime rate. Located on a matured wooded quiet street with a small town neighborhood feel. The lot has a small secluded back yard with potential for a great outdoor space.
The house is nearly 1,200 SF, with three bedrooms (all with ample walk-in closets), one Bath, Kitchen has adjoining Pantry and comes with a gas stove/range and refrigerator/freezer. Entryway includes an impressive wood stair case.There is a full length open porch along the street side and a 3 season season porch over looking the backyard. There is potential for an upper second story deck that has existing access. Low maintenance composite siding, new gas hot water heater, laundry facilities could be accommodated in the full basement.
In 2010 the property was professionally appraised at $130,000. The 2018 City assessment is $206,700, an increase of $76,700 or and annual increase of approximately $10,000/yr. If purchased as a rental property, the rent via Access Dane, is estimated at approximately $1,500/month.
The property is being offered "as is", "as it stands". With some TLC it has great investment potential.
Contact Lars at: 608-628-6189 or email@example.com
- Roof - Asphalt
- Siding - Cement Board
- Heat-Natural Gas Forced Air
- Garbage Disposal
- Oven - Gas