BACK ON MARKET due to failed financing. 4x3Bd/2Ba and 4x2 Bd/1Ba units in well-maintained, brick/vinyl 2-story, updated apts, wood/tile floors. +$65k updates Aug-Oct '22: steel roof, concrete driveway, resurfaced & striped lot, +more. 1 parking space/unit; 2 extra stalls rentable+1 leased coin W/D provides additional income. Separate electric meters, LL shared laundry (W/D hookups exist for 8 units), LL secure/private tenant storage, LL walkout. Within 1 block: bus line, shopping, schools, employment & bike routes. 100% Occupied, long term tenants, turnkey. 1 MM lease, owner can occupy. 3 leases renew Q1 2023. Current rents below fair market value. RentOMeter avg rent in this location is $1776/3Bd. Great opportunity for higher Cash Flow, ROI & Equity. Seller may execute 1031 exchange.
Closed
$1,200,000
5726 Russett Rd, Madison, WI 53711
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1962
-- sqft lot
$996,000 Zestimate®
$--/sqft
$1,791 Estimated rent
Home value
$996,000
$767,000 - $1.33M
$1,791/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: February 21, 2023 at 06:06pm
Listed by:
Sue Romens HomeInfo@firstweber.com,
First Weber Inc,
Rachel Romens 608-445-0836,
First Weber Inc
Bought with:
Carolyn Bostick
Source: WIREX MLS,MLS#: 1940616
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Main level bedrooms: 3
Heating
- Natural Gas, Radiant/Electric
Appliances
- Included: ENERGY STAR Qualified Appliances
Features
- Basement: Full,Walk-Out Access,Concrete
- Has fireplace: No
Property
Parking
- Parking features: 1 Space, Outside
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.54 Acres
Details
- Parcel number: 070931310307
- Zoning: SR-V1
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1962
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters
Community & neighborhood
Location
- Region: Madison
- Subdivision: 1st Addition To Meadowood
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 2/21/2023 | Sold | $1,200,000-14.3% |
Source:  WIREX MLS #1940616 | ||
| 1/24/2023 | Pending sale | $1,400,000 |
Source: WIREX MLS #1940616 | ||
| 1/6/2023 | Listed for sale | $1,400,000 |
Source: WIREX MLS #1940616 | ||
| 9/18/2022 | Pending sale | $1,400,000 |
Source: WIREX MLS #1940616 | ||
| 9/14/2022 | Contingent | $1,400,000 |
Source: WIREX MLS #1940616 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Meadowood
Nearby schools
GreatSchools rating
- 6/10Orchard Ridge Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Toki Middle SchoolGrades: 6-8Distance: 0.2 mi
- 8/10Memorial High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Orchard Ridge
- Middle: Toki
- High: Memorial
- 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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$996,000
2% more+ $19,920
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$1,015,920