5826 Balsam Rd, Madison, WI

5826 Balsam Rd, Madison, WI
  • $490,000

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
MLS #:19382371938237 Listed By: Musa Jallow of Restaino & Associates ERA Powered

  • Address 5826 Balsam Rd
  • City Madison
  • Area Madison - C W09

Details

Updated on July 21, 2022 at 12:00 am
  • Property ID: 3405264
  • Price: $490,000
  • Year Built: 1959
  • Property Type: Multi Family

Additional details

  • Mls #: 1938237
  • Status: Offer-Show
  • Class: Multi Family
  • List Price: 490000
  • Address: 5826 Balsam Rd
  • Location: MADISON - C W09
  • County: Dane
  • C/t/v: City
  • Year Built: 1959
  • Subdivision: Meadowood
  • Number Of Units: 5
  • Unit 1: Family/Rec rm,Range/oven,Refrigerator
  • Unit 1: Apt 1
  • U1 Lease Expiration Date: Mo to Mo
  • U1 Parking: Yes
  • U1 Landlord Pays Heat: No
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Wtr/sew: Yes
  • U1 # Bedrooms: Yes
  • U1 Full Baths: 1
  • Unit 1 Living/great Rm Lvl: M
  • Unit 1 Master Bedrm Lvl: M
  • U1 Mo Rent: 790
  • Unit 2: Range/oven,Refrigerator
  • Unit 2: Apt 2
  • U2 Lease Expiration Date: Mo to Mo
  • U2 Parking: Yes
  • U2 Landlord Pays Heat: No
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Wtr/sew: Yes
  • U2 # Bedrooms: 2
  • U2 Full Baths: 1
  • U2 Mo Rent: 835
  • Unit 3: Range/oven,Refrigerator
  • Unit 3: Apt 3
  • U3 Lease Expiration Date: Mo to Mo
  • U3 Parking: Yes
  • U3 # Bedrooms: 2
  • U3 Full Baths: 1
  • U3 Landlord Pays Heat: No
  • U3 Landlord Pays Electric: No
  • U3 Landlord Pays Wtr/sew: Yes
  • U3 Mo Rent: 860
  • Unit 4: Range/oven,Refrigerator
  • Unit 4: Apt 4
  • U4 Lease Expiration Date: Year Lease
  • U4 Parking: Yes
  • U4 # Bedrooms: 2
  • U4 Full Baths: 1
  • U4 Landlord Pays Heat: No
  • U4 Landlord Pays Electric: No
  • U4 Landlord Pays Wtr/sew: Yes
  • U4 Mo Rent: 860
  • Est. Total Acres: 0.37
  • Heating Type: Forced air
  • Heating Fuel: Natural Gas
  • # Stoves: 5
  • # Refrigerators: 5
  • # Furnaces: 4
  • Number Of 1 Bedrooms: Yes
  • Number Of 2 Bedrooms: 4
  • Parking Spaces Outside: 5
  • School District: Madison
  • High School: Memorial
  • Middle School: Toki
  • Elementary: Orchard Ridge
  • Type: Apartment building,2 story
  • Park/unit: Yes
  • Exterior: Brick,Stone
  • Basement: Full,Block foundation
  • Water/waste: Municipal water,Municipal sewer
  • Utilities: Separate elec meters,Separate gas meters
  • Items Included: Unit 1- Range/Oven, Refrigerator Unit 2- Range/Oven, Refrigerator Unit 3- Range/Oven, Refrigerator Unit 4- Range/Oven, Refrigerator
  • Items Excluded: Seller and Tenants personal property
  • La1agent First Name: Musa
  • La1agent Last Name: Jallow
  • Lo1office Name: Restaino & Associates ERA Powered
  • Video Tour: https://cdn-production.socialboost.com/tfk4bbt-y7XYYwl8S9A0rwQqx4B2iag7bmOzd3CyQ3HgwsoWv2LE7Bla5TAURXC8.mp4

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange display programs of the South Central WI MLS. Real Estate listings from SCWMLS held by brokerage firms other than The Kruse Company include the name of the listing broker. This information, provided by seller, listing broker, and other parties, may not have been verified. The material at this site is provide solely for informational purposes. The Kruse Company is not making any warranties or representations concerning any of these properties including their availability. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Information at this site is deemed reliable but not guaranteed.

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