Presenting a lucrative opportunity with this well-maintained 2-unit property, situated near all of Monona's amenities, ensuring high rentability and continuous cash flow. Washer and dryer hookups available in the basement, adding a layer of convenience for tenants and the potential for additional income. Storage units in the basement for both tenants. Currently, one of the units is vacant, offering a perfect scenario for an owner-occupant to live in one unit while enjoying the financial benefits of renting out the other. Alternatively, it's a choice for investors looking to capitalize on the area's high demand. This property is not just a residence, but an investment in a vibrant and desirable community.
Closed
$390,000
2005 Lake Point Drive, Madison, WI 53713
6beds
2,340sqft
Multi Family
Built in 1958
-- sqft lot
$-- Zestimate®
$167/sqft
$1,667 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,667/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 12, 2024 at 09:08am
Listed by:
Jo Ferraro Real Estate Team Pref:608-838-1377,
EXP Realty, LLC
Bought with:
The Opportunity Team
Source: WIREX MLS,MLS#: 1969556
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Radiant/Electric
Features
- Basement: Full,Concrete
- Has fireplace: No
Interior area
- Total structure area: 2,340
- Total interior livable area: 2,340 sqft
Property
Parking
- Parking features: 2 Space, Outside
Features
- Stories: 2
Lot
- Size: 8,276 sqft
Details
- Parcel number: 071019409129
- Zoning: TR-V1
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1958
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters
Community & neighborhood
Location
- Region: Madison
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 4/5/2024 | Sold | $390,000+4%$167/sqft |
Source:  WIREX MLS #1969556 | ||
| 2/6/2024 | Pending sale | $375,000$160/sqft |
Source: WIREX MLS #1969556 | ||
| 1/31/2024 | Listed for sale | $375,000$160/sqft |
Source: WIREX MLS #1969556 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,158 +3.9% | $263,500 +7% |
| 2023 | $4,963 | $246,300 +11% |
| 2022 | -- | $221,900 +20% |
Find assessor info on the county website
Neighborhood: Waunona
Nearby schools
GreatSchools rating
- 2/10Glendale Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 5/10Sennett Middle SchoolGrades: 6-8Distance: 1.7 mi
- 6/10Lafollette High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- District: Madison
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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