Madison, WI 53715-1609,1027 Drake St
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Madison, WI 53715-1609,1027 Drake St
Madison, WI 53715-1609,1027 Drake St
Madison, WI 53715-1609,1027 Drake St
Madison, WI 53715-1609,1027 Drake St
Listed by American, REALTORS
Bought with Real Broker LLC

$475,500

Est. payment /mo

$475,500

Est.Price: ?

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1027 Drake St Madison, WI 53715-1609

3 Beds

2 Baths

2,200 SqFt

SOLD DATE : 05/06/2022

Key Details

Sold Price $475,500

Property Type Multi-Family

Sub Type 2 flat-up and down

Listing Status Sold

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $216

MLS Listing ID 1924539

Sold Date 05/06/22

Bedrooms 3

Full Baths 2

Year Built 1897

Annual Tax Amount $7,982

Tax Year 2020

Lot Size 5,967 Sqft

Acres 0.137

Property Sub-Type 2 flat-up and down

Property 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.

Location

State WI

County Dane

Area Madison - C W14

Zoning TR-C3

Direction Park St. to Drake St.

Rooms

Basement Full

Interior

Heating Forced air

Heat Source Natural Gas

Exterior

Parking Features 2 spaces, Outside

Utilities Available Separate elec meters, Separate gas meters

Building

Water Municipal sewer, Municipal water

Structure Type Vinyl

Schools

Elementary Schools Franklin/Randall

Middle Schools Hamilton

High Schools West

School District Madison

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South Central Wisconsin MLS (SCWMLS)
Rico Sabatini

Rico Sabatini

Broker Associate | License ID: 782112-94

+1(608) 692-1900

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