1027 Drake St Madison WI 53715-1609 $475,500

Property Description

1027 Drake St Madison WI 53715-1609 - Excellent Investment property to add to your portfolio. This well-built home is just a couple of blocks from the lake & offers an ideal location, close to bus route, downtown & everything Madison has to offer. Sweet view of Lake Monona from the front yard! 1st floor unit offers 2 bedroom, 1 bath. 2nd floor has 1 bedroom, 1 bath. Backyard offers convenient alley access. Can park 4-6 cars in back. All of the major components have been updated on the exterior in about 2010, from the roof to the siding, windows, insulation & new rubber membrane roofing. Lovely, newer front porch, first floor screened deck & 2nd level deck. Once in a lifetime investment opportunity! Add'l $350/month potential rental income from 5 parking spaces & $65/month from basement rental. Can add 2 car garage at alley.

Residential Income
Status: Sold
County: Dane
0 Full Bathrooms
Acreage: 0.137
Elementary School: Franklin/Randall
Middle School: Hamilton
High School: West
Property Taxes: $7,982
Property Tax Year: 2020
MLS#: 1924539
Listing Company: American, Realtors
Zip Code: null
Number of Units: 2
Unit Type 1 Avg Rent: $1,220
Unit 1 Parking: 2 Space
Unit Type 2 Avg Rent: $920
Unit 2 Parking: 2 Space

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