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310/312 N Ingersoll St $689,000

Beds
3
Baths
1.00
Ft2
1,167
Lot Size
3,680 sq ft
Year Built
1900
Latest Property Assessment
$551,000
Latest Taxes Paid
$12,350

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Great cash flow and excellent location. Consistent 100% occupancy rate. All units have central air, hardwood floors, high ceilings, eat-in kitchens, dishwashers, excellent natural light. Four off-street parking spots. Roof, siding, decks, exterior trim in good condition. Dry basement with full bathroom, utility sink, 1 storage room/unit, 2 storage rooms for landlord. 

 

Financials:

Gross annual income: $61,500

Annual expenses (based on adjusted average for 2015-2019): $27,500

NOI: $34,000 

Tenants pay electric and gas (separate gas and electric meters), landlord pays water and sewer.

 

New mechanicals and appliances (purchase/installation dates in parentheses):

3 new fridges (2020, 2016, 2015), 3 stoves, 3 dish washers (2016, 2015, 2015), 1 owned water softener (2014), 2 clothes washers (2015, ??), 1 clothes dryer (2015), 4 power-vent water heaters (2019, 2016, 2014, 2000), 3 95% efficient furnaces (2019 all 3), 3 a/c units. New gutters (2016). 200 amps in, fuse boxes; some remaining knob and tube.

 

Rent increase potential from at least a) unit # 2 (best unit with large balcony, but lowest rent now due to current tenants in their 4th year and free parking spot), and b) parking spots (now charge $30/ spot).

 


Type/Architecture
Interior Amenities
Exterior Amenities
Fuel/Heating/Cooling/Sewer/Water
Kitchen Features
Garage
Basement
310/312 N Ingersoll St
Madison, Wisconsin 53703

Neighborhood: Central Madison
County: Dane
Sale Type: For Sale
Category: Multi-Unit
372 Hits

Seller Information


Contact Seller
Beds
3
Baths
1.00
Total Units
3
Ft2
1,167
Kitchen
Eat-in kitchen
Basement
Full with full bathroom
Lot Size
3,680 sq ft
Year Built
1900
Zoning
TR-V1
Latest Taxes Paid
$12,350
Approx. Miles and Direction from the Capitol Square
10 blocks E of Capitol
Neighborhood
Lapham
310/312 N Ingersoll St
Madison, Wisconsin 53703

Neighborhood: Central Madison
County: Dane
Sale Type: For Sale
Category: Multi-Unit
372 Hits

Seller Information


Contact Seller
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310/312 N Ingersoll St
Madison, Wisconsin 53703

Neighborhood: Central Madison
County: Dane
Sale Type: For Sale
Category: Multi-Unit
372 Hits

Seller Information


Contact Seller

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310/312 N Ingersoll St
Madison, Wisconsin 53703

Neighborhood: Central Madison
County: Dane
Sale Type: For Sale
Category: Multi-Unit
372 Hits

Seller Information


Contact Seller

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