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505 Cottage Grove Road, Madison, WI 53716
$890,000
505 Cottage Grove Road, Madison, WI 53716View this property at 505 Cottage Grove Road, Madison, WI 53716
505 Cottage Grove RoadMadisonWI53716
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Property Description
This is a great opportunity to start an income property portfolio with these 4 residential two bedrooms and 2 commercial units. Located on the East side of Madison near Monona with easy access to main roads. Recently renovated, each residential unit has two bedrooms, one bathroom, and a combined dining and living room. Sellers installed new laminate floors, kitchen, and bathroom cabinets in all the units in 2021. The roof was replaced in 2021. Plenty of parking. The property generates great income and is easy to rent. The financials spreadsheet is available upon request.
Full Property Details
Full Property Details for 505 Cottage Grove Rd
General
- Sold For: $890,000
- Taxes: $14,791 (2021)
- Status: Closed
- Type: Apartment
- MLS ID: 1945836
- Added to Site: 599 day(s) ago
Interior
- Interior Features: Water Softener, High-Speed Internet
Parking
- Parking Features: Outside
Location
- Municipality: Madison
- County: Dane
- Driving Directions: Highway 51, take Cottage Grove Road exit to the west
School Information
- School District: Madison
- Elementary School: Allis
- Middle School: Sennett
- High School: Lafollette
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
Structural Information
- Description/Design: Apartment Building
- Exterior Const.: Vinyl, Wood, Brick, Stucco
- Basement Desc.: None/Slab
- Year Built: 1973
Unit Information
- Units in Building: 6
Unit 1
- Square Feet: 771
- Bedrooms: 2
Unit 2
- Square Feet: 771
- Bedrooms: 2
- Primary Bedroom: 12 x 11
- Bedroom 2: 12 x 12
- Living Room: 12 x 12,
- Kitchen: 12 x 10,
- Dining Room: 12 x 18,
Unit 3
- Bedrooms: 2
Unit 4
- Bedrooms: 2
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: CC-T
Financial Considerations
- Tax Amount: $14,791
- Tax Year: 2021
Disclosures and Reports
- Exclusions: tenants' and sellers' personal property. Main floor washer & dryer.
- Inclusions: 4 refrigerators, 4 range/stoves, 4 disposals, 4 microwaves, 4 dishwashers, water softener, coin operated washer & dryer
Listed by The Alvarado Group, Inc
Sold by Plato Commercial Real Estate, LLC
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Schools
Schools serving 505 Cottage Grove Rd
School District:Madison Metropolitan School District
Rating | Name | Grades | Distance |
---|---|---|---|
4201 Buckeye Rd, Madison, WI 53716 | PK-5 | 0.4 mi | |
902 Nichols Rd, Monona, WI 53716 | K-5 | 1.8 mi | |
502 Pflaum Rd, Madison, WI 53716 | 6-8 | 1.4 mi | |
702 Pflaum Rd, Madison, WI 53716 | 9-12 | 1.4 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 505 Cottage Grove Rd
Date
Details
Price
Change
Source
7/26/2023
Sold
$890,000
-8.72%
MLS
10/24/2022
Listed
$975,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
505 Cottage Grove Road, Madison, WI 53716 (MLS# 1945836) is a Apartment property that was sold at $890,000 on July 26, 2023. Want to learn more about 505 Cottage Grove Road? Do you have questions about finding other Apartment real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.