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5718 Balsam Road, Madison, WI 53711
$465,000
5718 Balsam Road, Madison, WI 53711View this property at 5718 Balsam Road, Madison, WI 53711
5718 Balsam RoadMadisonWI53711
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Property Description
Incredible investment opportunity to own a brick 4-unit apartment building on Madison's West side. Desirable floor plans with large kitchens and spacious living areas. All units have been updated in recent years with new bathroom vanities, new flooring, new light fixtures, and new kitchens with newer appliances. Each unit is provided with an off-street parking spot behind building as well as an additional private/secure storage unit in the basement. Separate furnaces and electrical meters for each unit allow for tenants to pay their own heat & electricity. Coin-op washer/dryer for additional monthly income. Secure owner/property manager maintenance room with additional storage and work area is another perk of ownership.
Full Property Details
Full Property Details for 5718 Balsam Rd
General
- Sold For: $465,000
- Taxes: $7,247 (2022)
- Status: Closed
- Type: Apartment
- MLS ID: 1965849
- Added to Site: 218 day(s) ago
Interior
- Interior Features: Water Softener, High-Speed Internet
Parking
- Parking Features: 1 Space, Outside
Location
- Municipality: Madison
- County: Dane
- Driving Directions: South on Whitney Way, take right on Thrush, then take right on Iris Lane which becomes Balsam Road at the curve.
School Information
- School District: Madison
- Elementary School: Orchard Ridge
- Middle School: Toki
- High School: Memorial
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
- Utility Description: Separate Electric Meters, Separate Gas Meters
Structural Information
- Description/Design: Apartment Building, 2 Stories
- Exterior Const.: Brick
- Basement Desc.: Full, Poured Concrete
- Year Built: 1962
Unit Information
- Units in Building: 4
Unit 1
- Square Feet: 832
- Bedrooms: 2
Unit 2
- Square Feet: 832
- Bedrooms: 2
Unit 3
- Bedrooms: 2
Unit 4
- Bedrooms: 2
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: SR-V1
Financial Considerations
- Tax Amount: $7,247
- Tax Year: 2022
Disclosures and Reports
- Exclusions: Seller and Tenant personal property
- Inclusions: 4 Stoves, 4 Refrigerators, 2 Dishwashers, 1 Coin-Op Washer, 1 Coin-Op Dryer, 1 Water Softener
Listed by Keller Williams Realty
Sold by Sprinkman Real Estate
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Schools
Schools serving 5718 Balsam Rd
School District:Madison Metropolitan School District
Rating | Name | Grades | Distance |
---|---|---|---|
5602 Russett Rd, Madison, WI 53711 | PK-5 | 0.2 mi | |
5606 Russett Rd, Madison, WI 53711 | 6-8 | 0.2 mi | |
201 S Gammon Rd, Madison, WI 53717 | 9-12 | 2.5 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 5718 Balsam Rd
Date
Details
Price
Change
Source
12/15/2023
Sold
$465,000
1.09%
MLS
10/19/2023
Listed
$460,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5718 Balsam Road, Madison, WI 53711 (MLS# 1965849) is a Apartment property that was sold at $465,000 on December 15, 2023. Want to learn more about 5718 Balsam 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.