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2005 Lake Point Drive, Madison, WI 53713
$390,000
2005 Lake Point Drive, Madison, WI 53713View this property at 2005 Lake Point Drive, Madison, WI 53713
2005 Lake Point DriveMadisonWI53713
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Property Description
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.
Full Property Details
Full Property Details for 2005 Lake Point Dr
General
- Sold For: $390,000
- Taxes: $4,501 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: 1969556
- Added to Site: 106 day(s) ago
Parking
- Parking Features: 2 Spaces, Outside
Location
- Municipality: Madison
- County: Dane
- Driving Directions: Follow I-90 E to W Broadway / South Towne Dr in Monona. Take exit 264 from US-12 W/US-18. Continue on W Broadway. Drive to Lake Point Dr in Madison.
School Information
- School District: Madison
- Elementary School: Call School District
- Middle School: Call School District
- High School: Call School District
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Radiant/Electric
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
- Utility Description: Separate Electric Meters
Structural Information
- Description/Design: 2 Flat Up and Down
- Exterior Const.: Vinyl
- Basement Desc.: Full, Poured Concrete
- Year Built: 1958
Unit Information
- Units in Building: 2
Unit 1
- Square Feet: 1170
- Bedrooms: 3
Unit 2
- Square Feet: 1170
- Bedrooms: 3
- Primary Bedroom: Upper Level, 11 x 10
- Bedroom 2: Upper Level, 10 x 10
- Bedroom 3: Upper Level, 10 x 9
- Living Room: Upper Level, 15 x 12,
- Kitchen: Upper Level, 12 x 12,
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: TR-V1
Financial Considerations
- Tax Amount: $4,501
- Tax Year: 2023
Disclosures and Reports
- Exclusions: Seller and Tenant Personal Property
- Inclusions: 2 Stoves, 2 Refrigerators, 1 AC Unit
Listed by EXP Realty, LLC
Sold by Keller Williams Realty
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Schools
Schools serving 2005 Lake Point Dr
School District:Madison Metropolitan School District
Rating | Name | Grades | Distance |
---|---|---|---|
1201 Tompkins Dr, Madison, WI 53716 | PK-5 | 1.9 mi | |
502 Pflaum Rd, Madison, WI 53716 | 6-8 | 1.7 mi | |
702 Pflaum Rd, Madison, WI 53716 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2005 Lake Point Dr
Date
Details
Price
Change
Source
4/05/2024
Sold
$390,000
4%
MLS
1/31/2024
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2005 Lake Point Drive, Madison, WI 53713 (MLS# 1969556) is a Multi-Family property that was sold at $390,000 on April 05, 2024. Want to learn more about 2005 Lake Point Drive? Do you have questions about finding other Multi-Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.