216 Campbell Street Contingent Save Request In-Person Tour Request Virtual Tour
Madison,WI 53711
Key Details
Property Type Multi-Family
Listing Status Contingent
Purchase Type For Sale
Subdivision Oakland Heights
MLS Listing ID 1996302
Year Built 1916
Annual Tax Amount $9,266
Tax Year 2024
Lot Size 8,712 Sqft
Property Description
This well-maintained duplex features a 3-bed and 4-bed unit, generating $59,868 annual gross income. Current rents: $1,970 & $2,519/month, plus $410 for parking & $90 laundry income. With a Gross Rent Multiple (GRM) under 10.8 on in-place rents, this property offers strong cash flow in an A+ location! 2025 updates include a new rubber membrane on the upper roof, increased attic insulation, & freshly painted garage. 2024 updates include new vinyl siding, new aluminum fascia/soffits & gutters. This is the largest and best lot on the block with a full 2-car garage, you can add a second story to take advantage of Madison's ADU laws leveraging this prime location. Recent area comps range from a GRM of 11.9 to 15.1 making this an excellent value and must see!
Location
State WI
County Dane
Zoning TRC4, WP27
Interior
Heating Natural Gas
Cooling Radiant/Electric
Inclusions 2 Range/ovens, 2 refrigerators, 1 washer, 1 dryer, all window blinds.
Exterior
Parking Features 2 Car,Detached
Garage Spaces 2.0
Building
Dwelling Type 2 Story,2 Flat Up and Down
Sewer Municipal Water,Municipal Sewer
Structure Type Vinyl
New Construction N
Schools
Elementary Schools Franklin/Randall
Middle Schools Hamilton
High Schools West
School District Madison