3722-3730 E Karstens Street new Save Request In-Person Tour Request Virtual Tour
Madison,WI 53704
$ 3000000
8 Beds
4 Baths
2904 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment building,2 story
Listing Status Active
Purchase Type For Rent
Square Footage 2,904 sqft
MLS Listing ID 1992127
Bedrooms 8
Full Baths 4
Year Built 1970
Annual Tax Amount $45,140
Tax Year 2024
Lot Size 1.170 Acres
Acres 1.17
Property Description
Opportunity to own 24 apartments on the same block! Three 8 unit buildings. All 24 units are 2BD/1BA. 12 units have been heavily renovated, 10 units have been lightly renovated, 2 units need to be completed. 7 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 $27,016 ($324,192 annual) on the 17 occupied units. The sale includes 3722 E Karstens, 3730 E Karstens & 3722 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
Area Madison - C E03
Zoning SR-V1
Direction Right on Karstens off of Troy
Rooms
Basement Full,Poured concrete foundatn
Interior
Heating Radiant
Inclusions all appliances
Heat Source Natural Gas
Exterior
Parking Features 1 space,Outside
Utilities Available Separate elec meters
Building
Water Municipal water,Municipal sewer
Structure Type Brick,Stone
Schools
Elementary Schools Call School District
Middle Schools Call School District
High Schools Call School District
School District Madison