WI  > Dane  > Madison  > 1027 Drake St

Sold price:

$475,500

Sold on 05/06/2022

2 Total Units
Listed by American, Realtors

Description

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.

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Property Details

Features Multi Family

Total Number of Units: 2 Year Built: 1897
Total Lot Square Feet: 0 Unit 1 Parking: 2 Space
Taxes: $7,982 School District: Madison Metropolitan
Body of Water:

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Listing History

Date Event Change
May 10 2022 2:55PM Status Change Sold
Mar 25 2022 4:45PM Status Change Offer-Show
Dec 2 2021 9:53AM Price Change $475,500
Dec 1 2021 2:16AM Status Change Expired
Aug 9 2021 9:14PM Status Change Active
Aug 1 2021 2:18AM Status Change Expired
May 24 2021 5:15PM Price Change $499,900
Apr 30 2021 9:14AM Price Change $535,000

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