All Forum Posts by: Maggie Maddox

To piggyback on Mark's comment above, Madison has sustained population growth and stable economic drivers. Madison is anchored by UW healthcare industry and state government and those drivers are not going anywhere. During the recession, the unemployment was at 6% with the national average being 10%, so even during downturn it showed resilience. I also agree that Milwaukee holds promise depending on what your REI goals are.

Amazing opportunity to owner occupy or rent all 3 units and have your rents pay your mortgage! Cash flowing property - $33,900 income with potential for more if updated. Currently withheld/delayed from the market, so it is a great opportunity to be first in line!

ABOUT PROPERTY

This classic 1920s 2-story building has retained most of the charm and original features such as beautiful wood and tile floors throughout. Each unit includes built in cabinetry, arched doorways, French doors, and more. 

• First floor unit is the largest and includes original cast iron sink, sun porch, and fills entire first floor (1190 sqft). 
• Units 2 and 3 could be combined into a large 3 bed, 2 bath by re-installing the main door in hallway/stairwell and removing current unit doors. 
• Many major updates have been done but some knob and tube wiring still exists. Opportunity to update and separate utilities. Landlord currently pays electric, heat, water/sewer.
• Washer/Dryer and lots of extra storage in unfinished basement. 
• Walk-up attic with separate entrance has potential for VRBO/Short Term Rental.
• 2 long term tenants would like to sign a lease with the new landlord but are currently on 30 day leases. Unit 3 will be vacant at time of closing. 
• Opportunity to rent out 2 covered garage spaces in a desirable area of town where parking is difficult. 

**Please note, this is an AS-IS sale ** 

WANT TO SEE IT?

Showings to start Monday, August 7th.  **By appointment only with 48 hr notice**

To schedule a showing/see more pics/get more information:

Email directly at [email protected]