3722-3730 East Karstens Drive

Madison, WI 53704

$3,000,000
Price
8
Beds
2,904 Sq. Ft.
$1,033 / Sq. Ft.
2,904
Sq. Ft.
$1,033
per Sq. Ft.

Description

Opportunity to own 24 apartments on the same block! Three 8 unit buildings. All 24 units are 2BD/1BA. 19 of 24 units have been turned over & re-leased during the last 18-24 months. 5 units were either just completed or are in process of being renovated and are currently vacant. Rented units are leased between $1,200-$1,600 with current monthly rent roll of $27,616 ($331,392 annual) on the 19 occupied units. The sale includes 3722 E Karstens, 3730 E Karstens & 3722-3724 W Karstens and is available...Opportunity to own 24 apartments on the same block! Three 8 unit buildings. All 24 units are 2BD/1BA. 19 of 24 units have been turned over & re-leased during the last 18-24 months. 5 units were either just completed or are in process of being renovated and are currently vacant. Rented units are leased between $1,200-$1,600 with current monthly rent roll of $27,616 ($331,392 annual) on the 19 occupied units. The sale includes 3722 E Karstens, 3730 E Karstens & 3722-3724 W Karstens and is available as a package. Seller requests offers only on the entire package. Seller is a partnership & requests 24+ hours for binding acceptance. Closing date flexible, w/n 60 days of acceptance preferred.
  1. Listed by Ryan Schmitz • The Hub Realty
  2. Listed by Kyle Ebley • Realty Executives Cooper Spransy

Property Details for 3722-3730 East Karstens Drive

Zoning
SR-V1
LISTING UPDATED: 02/04/2025 04:33 PM

Property Details for 3722-3730 East Karstens Drive

StatusActive
MLS #1992127
Days on Market32
Taxes$45,140 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment building
Year Built1970
CountyDane County

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Building Information for 3722-3730 East Karstens Drive

Building/Complex3722-3730 E Karstens DrFloor-Stories-Residences24Pet Policy-Pet Policy Details-Year Built1970Building Size-

Property Information for 3722-3730 East Karstens Drive

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: East Metro Madison
  • Directions: Right on Karstens off of Troy
  • Location: MADISON - C E03
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53704
Parking
  • Park/Unit: 1 space, Outside
  • Parking Spaces Outside: 24
  • Parking Stalls Inside: 0
School Information
  • Elementary: Call School District
  • High School: Call School District
  • Middle School: Call School District
  • School District: Madison
Taxes and HOA Information
  • Net Taxes: $45,140.00
  • Parcel ID: 080926407126
  • Tax Year: 2024
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 2394000
  • Land Assess: $170,000.00
  • Legal Documents: Condition report on file, Lease(s) on file
  • Miscellaneous: Shared laundry, Close to bus line
  • Total Assess: $2,564,000.00
  • Total Assess Year: 2024
  • Type: Apartment building, 2 story
  • Year Built: 1970
Lot Information
  • Estimated Total Acres: 1.17
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Utilities: Separate elec meters
  • Water/Waste: Municipal sewer, Municipal water
Interior and Exterior Features
Exterior Features
  • Exterior: Brick, Stone
Interior Features
  • Items Included: all appliances
  • Items Excluded: sellers/tenants personal property
  • Number of Dish Washers: 0
  • Number of Dryers: 0
  • Number of Furnaces: 3
  • Number of Stoves: 24
  • Number of Refrigerators: 24
  • Number of Washers: 0
  • Number of Water Heaters: 3
  • Number of Water Softeners: 0
  • Basement: Full, Poured concrete foundatn
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 0
  • Number of 2 Bedrooms: 24
  • Number of 3+ Bedrooms: 0
Multi Family
Unit Information
  • Number of Units w/AC: 24
  • Number of Units: 24
Income & Expenses Information
  • Total Income: $324,192
Unit 1
  • U1 Landlord Pays Heat: Yes
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: Unit 1
  • U1 Parking: 1 Space
  • U1 Number of Bedrooms: 2
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 726
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Kitchen Dimensions: 0x0
  • Unit 1 Living/Great Room Dimensions: 0x0
  • Unit 1 Primary BedRoom Dimensions: 0x0
Unit 2
  • U2 Landlord Pays Heat: Yes
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: Unit 2
  • U2 Parking: 1 Space
  • U2 Number of Bedrooms: 2
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 726
Unit 3
  • Unit 3: Unit 3
  • U3 Parking: 1 Space
  • U3 Number of Bedrooms: 2
  • U3 Full Baths: 1
  • U3 Half Baths: 0
  • U3 SqFt: 726
  • U3 Landlord Pays Heat: Yes
  • U3 Landlord Pays Electric: No
  • U3 Landlord Pays Water/Sewer: Yes
Unit 4
  • Unit 4: Unit 4
  • U4 Half Baths: 0
  • U4 Parking: 1 Space
  • U4 Number of Bedrooms: 2
  • U4 Full Baths: 1
  • U4 Landlord Pays Heat: Yes
  • U4 Landlord Pays Electric: No
  • U4 Landlord Pays Water/Sewer: Yes
  • U4 SqFt: 726

Property History for 3722-3730 East Karstens Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3722-3730 East Karstens Drive

This home is within Madison Metropolitan School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Mendota Elementary School
PublicPK to 5

Black Hawk Middle School
Public6 to 8

East High School
Public9 to 12

Jefferson Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3722-3730 East Karstens Drive is a multi-family home for sale in Madison, WI 53704. This property was listed for sale on January 20, 2025 by The Hub Realty, it's currently listed at $3,000,000. It has been on the market for a total of 32 days and was last sold on June 15, 2021. This listing's school district is Madison Metropolitan School District. Nearby schools include Mendota Elementary School, Black Hawk Middle School and East High School. 3722-3730 East Karstens Drive is a 8-bed, 4-bath, 2,904 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Hub Realty; Realty Executives Cooper Spransy

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 02/04/2025 04:33 PM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2025 – WiREx. – All Rights Reserved