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Listed with Lauer Realty Group, Inc.
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Fully rented, never vacant, 5 unit, once in a generation property situated on the shores of Lake Monona in one of Madison's most desirable locations. A short walk to Capitol Square and in the heart of the Marquette neighborhood. Originally the M.H. Sater Apartment Building, this classic American Foursquare was built in 1907. 40 ft of lake frontage, the lot is long and is terraced in the back. The exponential growth potential for net income in 2025 is outstanding! A unique combination of units, comprised of a studio, a 1 bedroom, two, 2 bedroom apartments and a two story 5 bedroom apartment. Several garden plots on the lake and kayak storage. Updates include electrical service for the entire building, new water softener and south side dormer rebuild. This is a special place!
| LAST UPDATED | 5/6/2024 | YEAR BUILT | 1909 |
|---|---|---|---|
| COUNTY | Dane | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | Madison |
|---|---|
| Elementary School | Lapham/Marquette |
| Jr. High School | OKeeffe |
| High School | East |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dryer, Refrigerator, Water Softener |
|---|---|
| BASEMENT | Finished, Full, Partially finished, Walk-Out Access, Yes |
| CONSTRUCTION | Stucco, Wood Siding |
| LOT | 7405 sq ft |
| LOT DESCRIPTION | Waterfront |
| SEWER | Public Sewer |
| TAXES | 21389 |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Lake |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
Listed with Lauer Realty Group, Inc.
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