505 Cottage Grove Road, Madison, WI 53716 Sold for $890,000 on 07/26/2023

505 Cottage Grove Road, Madison 0 Acres $890,000 Sold

  • Commercial/Business
  • Status: Sold
  • County: Dane
  • Est. Square Footage: 5,733
  • Acreage: 0.24
  • Property Taxes: $14,791
  • Property Tax Year: 2021
  • MLS#: 1945837
  • Listing Company: The Alvarado Group, Inc
  • Zip Code: 53716
  • Number of Units: 6

505 Cottage Grove Road, Madison, WI 53716 - 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.

Additional Features
  • Slab/None
  • Heating/Cooling: Central air, Other, Radiant
  • Water Waste: Municipal sewer, Municipal water
  • Inclusions: 4 refrigerators, 4 range/stoves, 4 disposals, 4 microwaves, 4 dishwashers, water softener, coin operated washer & dryer
  • Apartment building, Beauty/barber, Office, Retail, Service
  • Roof: Other
  • Construction Type: E
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1945837 Sold Offer-Show Jul 26 2023 12:00AM $890,000 87
1945837 Sold Offer-Show Jul 26 2023 12:00AM $890,000 87
1945837 Offer-Show Active Jan 16 2023 3:46PM 87
1945837 Active Oct 24 2022 3:58PM $975,000 87

Estimated Monthly Payment

$3,287 per month
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