3722-3730 E Karstens Street Contingent

Madison,WI 53704

$ 3000000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID 1992127

Year Built 1970

Annual Tax Amount $45,140

Tax Year 2024

Lot Size 1.170 Acres

Property Description

Opportunity to own 24 apartments on the same block! Three 8 unit buildings. All 24 units are 2BD/1BA. 19 of 24 units have been turned over & re-leased during the last 18-24 months. 5 units were either just completed or are in process of being renovated and are currently vacant. Rented units are leased between $1,200-$1,600 with current monthly rent roll of $27,616 ($331,392 annual) on the 19 occupied units. The sale includes 3722 E Karstens, 3730 E Karstens & 3722-3724 W Karstens and is available as a package. Seller requests offers only on the entire package. Seller is a partnership & requests 24+ hours for binding acceptance. Closing date flexible, w/n 60 days of acceptance preferred.

Location

State WI

County Dane

Zoning SR-V1

Interior

Heating Natural Gas

Cooling Radiant/Electric

Inclusions all appliances

Exterior

Exterior Feature Brick,Stone

Utilities Available Separate Electric Meters

Building

Dwelling Type Apartment Building,2 Story

Sewer Municipal Water,Municipal Sewer

New Construction N

Schools

Elementary Schools Call School District

Middle Schools Call School District

High Schools Call School District

School District Madison

Others

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