This two unit student rental downtown Madison is a great investment for anyone who is looking to grow their portfolio or get into the student rental business. Top unit on two floors includes 5 bedrooms and 2.5 baths, estimated 2,100 square feet. This unit rents for $2,725 per month with all utilities being the responsibility of the tenants. The lower unit is a 3 bedroom, 1 bath, estimated at 1,200 square feet. Rent on this unit is $1,450 per month plus all utilities being the responsibility of the tenant. We also have two off street parking spaces that are rented out at $80 per month each.
Significant improvements to this building make it a turn-key investment. New roof in 2016, new gutter system in 2017, new water heater in 2017, upper unit kitchen remodeled in 2017, lower unit kitchen appliances new in 2016. Painted in 2016. New sewer lateral installed in 2016. We have owned this property for over 10 years and have had steady income growth each year with no vacancies. With in being blocks from the Kohl Center, close to Campus and in a neighborhood that is being invested in, this property has room for growth and significant upside potential!
If you would like to send this property to a friend that you think may be interested, please complete the form below. To send this property to multiple friends, enter each email separated by a comma in the 'Friends Email' field.
Inquiries for purposes other than purchasing this property are strictly forbidden.
fsbo Madison does not accept responsibility for the accuracy of the information provided to us for inclusion in this website.
Appraisers, Attorneys, Inspectors, Lenders, Home Improvement, Title Companies.