This well maintained three unit consists of all 2 bedroom 1 bathroom units with very long term tenants (low rents). Seller is performing a 1031 creating an opportunity for the Buyer to yield the upside to increased rents. The unit that just turned over was rented at $1,050/month prior to new flooring and paint. With proforma rents and laundry income this property will produce over $38,000 annually. This is a great opportunity for cashflow at at 9.75 times gross income. Seller is also selling an identical three unit building adjacent at 2838 Dahl St (MLS 1953578) and would prefer to sell them together (MLS 1953574).
Closed
$410,000
2837 Coolidge St, Madison, WI 53704
6beds
2,298sqft
Multi Family, Apartment
Built in 1965
-- sqft lot
$467,500 Zestimate®
$178/sqft
$2,209 Estimated rent
Home value
$467,500
$444,000 - $491,000
$2,209/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 11, 2023 at 09:09am
Listed by:
Paul Haviland Pref:608-843-4442,
Stark Company, REALTORS,
Susi Haviland 608-576-9211,
Stark Company, REALTORS
Bought with:
Paul Haviland
Source: WIREX MLS,MLS#: 1953576
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 2
Heating
- Natural Gas, Radiant/Electric
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,298
- Total interior livable area: 2,298 sqft
Property
Parking
- Parking features: 1 Space, Outside
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,098 sqft
Details
- Parcel number: 081032308175
- Zoning: TR-V1
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Wood Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1965
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters
Community & neighborhood
Location
- Region: Madison
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 5/10/2023 | Sold | $410,000+9.3%$178/sqft |
Source:  WIREX MLS #1953576 | ||
| 4/18/2023 | Pending sale | $375,000$163/sqft |
Source: WIREX MLS #1953576 | ||
| 4/13/2023 | Listed for sale | $375,000-16.7%$163/sqft |
Source: WIREX MLS #1953576 | ||
| 10/14/2014 | Sold | $450,000+100%$196/sqft |
Source: Agent Provided | ||
| 5/1/2014 | Listed for sale | $225,000$98/sqft |
Source: Stark Company Realtors #1713871 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,849 +7.3% | $401,000 +10.4% |
| 2023 | $7,316 | $363,100 +12% |
| 2022 | -- | $324,200 +10% |
Find assessor info on the county website
Neighborhood: Eken Park
Nearby schools
GreatSchools rating
- 6/10Emerson Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 2/10Sherman Middle SchoolGrades: 6-8Distance: 1.1 mi
- 8/10East High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Emerson
- Middle: Sherman
- High: East
- 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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$467,500
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$476,850