Please do not trespass on property or disturb tenants without a scheduled showing. Excellent cash-flowing investment opportunity and upside in this brick 4-townhome building. Two units are 3/1.5 and two units are 2/1.5 all townhome style with private basements. Currently under-rented due to long-term tenants in place. Market rents are $1,450 & $1,300/unit resulting in a potential 8.0%-9.0% cap rate and a 10.0%+ cash on cash return. Well located on the West side of Madison with easy access to schools, grocery, and shopping. All units are well kept and maintained. Leases available upon request. Units 1 & 4 do not have their own W/D. Unit 2 W/D belongs to tenant. Unit 3 W/D is provided by seller and will stay with the building. Roof 2016. Water heaters 2017. Furnaces approx 2012.
Closed
$585,000
1902 Cameron Dr, Madison, WI 53711
10beds
4,050sqft
Multi Family, Apartment
Built in 1964
-- sqft lot
$675,500 Zestimate®
$144/sqft
$1,759 Estimated rent
Home value
$675,500
$635,000 - $716,000
$1,759/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 05, 2023 at 09:10am
Listed by:
Cheng Real Estate Group Pref:608-957-2683,
Real Broker LLC
Bought with:
Kevin Navarro
Source: WIREX MLS,MLS#: 1950580
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
- Full bathrooms: 4
- 1/2 bathrooms: 4
Heating
- Natural Gas, Forced Air
Features
- Basement: Full,Concrete
- Has fireplace: No
Interior area
- Total structure area: 4,050
- Total interior livable area: 4,050 sqft
Property
Parking
- Parking features: 1 Space, Outside
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.25 Acres
Details
- Parcel number: 070836409180
- Zoning: SR-V1
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Wood Siding, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1964
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 |
|---|---|---|
| 4/3/2023 | Sold | $585,000+1.7%$144/sqft |
Source:  WIREX MLS #1950580 | ||
| 2/28/2023 | Contingent | $575,000$142/sqft |
Source: WIREX MLS #1950580 | ||
| 2/23/2023 | Listed for sale | $575,000+35.3%$142/sqft |
Source: WIREX MLS #1950580 | ||
| 4/18/2018 | Sold | $425,000+80.9%$105/sqft |
Source: Public Record | ||
| 6/26/2014 | Sold | $235,000-10.3%$58/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,451 +26.3% | $585,000 +30% |
| 2023 | $9,067 | $450,000 +5.6% |
| 2022 | -- | $426,000 |
Find assessor info on the county website
Neighborhood: Meadowood
Nearby schools
GreatSchools rating
- 6/10Orchard Ridge Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Toki Middle SchoolGrades: 6-8Distance: 0.4 mi
- 8/10Memorial High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Orchard Ridge
- 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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$675,500
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$689,010