bedrooms 5 · bathrooms 4 · square feet 3000
Zoning: C2, Lot Size: 4500 sq. ft.
Schools: Madison Metropolitan School District
Type: Multi-Unit, Stories: three story,
Heat: furnace steam water,
Appliances Included: All appliances on premise included in sale
Garage: 1 car garage built in 2005 with permit
4 Units: - 1 Efficiencies on 1st floor rent for $450.00/mo. X 12 = $ 5,400.00/yr.
- 1 Unit 1 bedroom on 1st floor rent for $700.00/mo. X 12 = $7,800.00/yr
- 1Unit 3 bedrooms on 2nd floor rent for $1,100.00/mo. X 12 = $14,280.00/yr.
- 1 Unit 1 bedroom on 3rd floor with the balcony & garage
(Owner occupies). (If for rent $900.00/mo. X 12 = $ 10,800.00/yr).
Zone: C2 lot size 4,500 Square feet.
Built in 1921. Reconstruction in 1979 and 1990.
Use code apartment.
1 car garage built in 2005 with permit.
Residential Bldg Info:
1st Floor Area: 670; 2nd Floor Area: 623; 3rd Floor Area: 373; Basement: 670
Exterior Wall: Wood
All appliances on the premise are included in the sale.
Heat is from furnace steam water.
Electric: 3 meters and up date 100 ampere electrical panels.
In the basement there is some asbestos around the heat pipes.
Income: - Rent income $38,280.00/yr.
- Parking (10 spots) $ 9,000.00/yr. (from $50.00-$80.00)
- Laundry is estimated at $ 360.00/yr.
- Foot ball game $ 2,275.00/yr. (NOW $25.00 A SPOT)
- Landlord pay heat & electric for 2011 was $1,940.08.
- Insurance was $889.00 for 9/12 – 9/13.
- Water bill for 2011 was $431.51.
- Taxes for 2011 was $5,750.97
NET INCOME: $40,.843.44YEAR.
Current assessment is $ 376,300.00.
We have owner this building for 20 years, and long term tenants.
“TIF” (Tax Increment Finance) program, which helps for 50% of building cost without interest. Good for Developer ‘s investment. Loans vary from region to region to region and project.
It can be built commercial on the first floor and apartments/condo on the up.
If you have any questions. Please: call (608) 260-9193 or (608) 219-3051
ONCE OF THE HOTTEST SPOTS IN MADISON
LOCATION, LOCATION!!!!BUSINESS DISTRICT!!!!
This vintage 1907, American Foursquare style, Vilas Neighborhood home provides potential for either residential rental income investment, or for two family, extended family, or single family residential property ownership.
Generally consisting of 3000+ sq. ft. with 5-bedrooms, 4-bath rooms, 2-kitchens, and 1- garages one atached single large front porch and rear balcony.
Ideally located within walking/ biking distance to UW- Madison, Edgewood College, Edgewood High School and Campus school, Madison’s Randall Grade School and West High School, Catholic, Methodist, Lutheran churches, and 2 Jewish synagogues, Henry Vilas Park and Zoo, Lake Wingra, Monroe Street shops, and Trader Joe's, this home offers a multitude of desirable, quality living features to be considered. In addition, the property is surrounded by great neighbors, with a diverse mixture in age, profession, and culture, families with younger and older children, young and mature couples, extended families, students, and primarily neighbors who care.
The property has had high energy effiecency windows w/ integral screens installed within the past 4-10 years, and has had high energy efficiency water heater.
FOR PHOTOS PLEASE SEE:
Telephone: 608-260-9193 or 608-210-3051 Email: via form
Best Days/Times to Telephone: IN THE MORNING
Address: 818 REGENT ST., MADISON, WI Dane County
Directions to Property
From Wisconsin's State Capital Square; proceed SW on W. Washington. Street at UW Madison's Camp Randall Stadium.
This page has been accessed 2501 times.