Excellent cash-flowing investment opportunity and upside in this West Madison duplex! Each side has 4 bedrooms and 1.5 baths. Currently under-rented with market rents of $1,700+/unit resulting in an 8%+ cap rate. Tenants pay all utilities. Many recent updates throughout, including LVP flooring in both units, some windows, washers and dryers, stainless steel appliances, and more! Close to schools, parks, bike trails, shopping and bus line. Professionally managed. Leases on file and available upon request. Please do not trespass on property or disturb tenants without a scheduled showing.
Closed
$410,000
1305-1307 Theresa Terr, Madison, WI 53711
8beds
2,750sqft
Multi Family, Duplex
Built in 1972
-- sqft lot
$504,900 Zestimate®
$149/sqft
$2,396 Estimated rent
Home value
$504,900
$475,000 - $540,000
$2,396/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 31, 2023 at 09:02am
Listed by:
Cheng Real Estate Group Pref:608-957-2683,
Real Broker LLC
Bought with:
Cheng Real Estate Group
Source: WIREX MLS,MLS#: 1953996
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Partial,Partially Finished,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 2,750
- Total interior livable area: 2,750 sqft
Property
Parking
- Parking features: 2 Space, Outside
Lot
- Size: 10,454 sqft
Details
- Parcel number: 070836412042
- Zoning: SR-C3
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Wood Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1972
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters, Separate Gas Meters
Community & neighborhood
Location
- Region: Madison
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2023 | Sold | $410,000+5.2%$149/sqft |
Source:  WIREX MLS #1953996 | ||
| 4/26/2023 | Contingent | $389,900$142/sqft |
Source: WIREX MLS #1953996 | ||
| 4/20/2023 | Listed for sale | $389,900+78.9%$142/sqft |
Source: WIREX MLS #1953996 | ||
| 8/11/2011 | Listing removed | $218,000$79/sqft |
Source: Fast Action Realty | ||
| 3/2/2011 | Price change | $218,000+99900%$79/sqft |
Source: Fast Action Realty | ||
Public tax history
Tax history is unavailable.
Neighborhood: Prairie Hills
Nearby schools
GreatSchools rating
- 4/10Falk Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Toki Middle SchoolGrades: 6-8Distance: 0.8 mi
- 8/10Memorial High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Anana
- Middle: Toki
- High: Memorial
- District: Madison
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$504,900
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$514,998