- 0
- Bedrooms
- Baths
- 0
- Sq Feet
- Lot Size
- Waterfront
- Lot Size
- N
- Waterfront
Property Essentials
- MLS #
- 2000706
- Listing Key
- 803886063682
- Price
- $3,900,000
- Beds
- 0
- Total Baths
- Full Baths
- 0
- Half Baths
- 0
- Taxes
- $42,303
- Tax Year
- 2024
- Property Type
- Multi-Family
- Building Type
- Apartment Building,2 Story
- Est Age Range
- 21+ Years
- New Construction
- N
- Zoning
- TR-V2
- Source Acres
- Assessor/Public Record
Location
- Address
- 1923 Sherman Avenue
- Display Street Number
- 1923
- Municipality
- City of MADISON
- Postal City
- Madison
- Street Name
- Sherman Avenue
- Street Suffix
- AVENUE
- Postal Code
- 53704
- County
- DANE
Schools
- School District
- Madison
- Elementary School
- Lapham/Marquette
- Middle School
- Okeeffe
- High School
- East
Interior
- Basement
- Full, Exposed, Full Size Windows, Partially Finished
- Heat/Fuel
- Natural Gas
- Heating/Cooling
- Radiant/Electric
- Water Waste
- Municipal Water, Municipal Sewer
Exterior
- Exterior
- Brick
- Parking
- 1 Space, Outside
Misc
- Licensee Interest
- N
- Limited Service
- N
- List Office
- The Hub Realty
- Utilities
- Separate Electric Meters
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This 26 unit, all brick, apt building has been with the same owner for the last 25 years! The property consists of 26 two bedroom apts with uniform floor plans. Current rents range from $1,075 (legacy tenants) to $1,350 (latest turn overs). Units should rent for $1,350+, as is, with just one turn over. Some updates include 2017 driveway/parking lot, 2016 new high efficiency boiler, 2023 new water softener, 2025 new water heater & stairwell carpet, 18 units have new flooring since 2020. $383K current annualized rent roll with clear path to $446K/year. Professionally managed (Prima) and operates efficiently at under $120K/year (2024) in operating expenses. Seller's property manager will be offering renewals for Jul & Aug shortly, so call today to control the future of this great property!
Contact Place Perfect Realty
(920) 434-2400
Inquire About This Property
Room Dimensions
| Room | Basement
Level | Lower
Level | Main
Level | Upper
Level | |
|---|
Waterfront
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