Investors dream! Excellent opportunity and upside in this well maintained symmetrical 4-unit building. Currently under-rented with market rents of $1,300+/unit. Tenants pay electric (heat). 4-units all 2 bdrm/2 full bath with 1,100 sq/ft, private balcony/patio and private garages! Extremely well maintained over the years with many recent updates including new roof (2022), all new auto-garage doors, unit 3 full gut rehab, paint, carpet. Coin-op W/D for extra income. Upper level units feature cathedral ceilings. Close to schools, parks, bike trails, shopping and bus line. Professionally managed. Leases and financials on file/available upon request. Unit 1 lease end 08/31/23 and available for owner occupancy. Please do not trespass on property or disturb tenants without a scheduled showing.
Closed
$630,000
6709 Jacobs Way, Madison, WI 53711
8beds
4,400sqft
Multi Family, Apartment
Built in 1986
-- sqft lot
$724,400 Zestimate®
$143/sqft
$1,881 Estimated rent
Home value
$724,400
$674,000 - $775,000
$1,881/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 06, 2023 at 09:03am
Listed by:
Cheng Real Estate Group Pref:608-957-2683,
Real Broker LLC
Bought with:
Mamad M Baladi
Source: WIREX MLS,MLS#: 1953520
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Electric, Radiant/Electric
Appliances
- Included: Water Softener
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 4,400
- Total interior livable area: 4,400 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 Car, Detached, Garage Door Opener
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.32 Acres
Details
- Parcel number: 070836308027
- Zoning: SR-V1
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Aluminum/Steel, Wood Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1986
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters
Community & neighborhood
Security
- Security features: Security System
Location
- Region: Madison
- Municipality: Madison
Other
Other facts
- Listing terms: Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 5/5/2023 | Sold | $630,000+0.2%$143/sqft |
Source:  WIREX MLS #1953520 | ||
| 4/17/2023 | Contingent | $629,000$143/sqft |
Source: WIREX MLS #1953520 | ||
| 4/13/2023 | Listed for sale | $629,000+4.9%$143/sqft |
Source: WIREX MLS #1953520 | ||
| 10/21/2022 | Listing removed | $599,900$136/sqft |
Source: WIREX MLS #1944735 | ||
| 10/10/2022 | Contingent | $599,900$136/sqft |
Source: WIREX MLS #1944735 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $12,332 +15.5% | $630,000 +18.9% |
| 2023 | $10,679 | $530,000 +17.3% |
| 2022 | -- | $452,000 +10% |
Find assessor info on the county website
Neighborhood: Prairie Hills
Nearby schools
GreatSchools rating
- 4/10Falk Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Toki Middle SchoolGrades: 6-8Distance: 1.1 mi
- 8/10Memorial High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Anana
- 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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$724,400
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