4414 Dwight Drive

Madison, WI 53704

$1,495,000
Price
2
Beds
2
Baths
1,200 Sq. Ft.
$1,246 / Sq. Ft.
1,200
Sq. Ft.
$1,246
per Sq. Ft.

Description

Investors! Welcome into a prime 12-unit rental property. 6.3% CAP rate. Strategically located on Madison's thriving East Side, just moments from the dynamic pulse of Sun Prairie and a stone's throw from East Town Mall and key bus routes. These professionally maintained 1BR/1BA units boast a history of strong occupancy and steady cash flow. Recent investments include new parking lot and roof bring ongoing profitability while on-site laundry enhances tenant convenience. This property guarantees consistent...Investors! Welcome into a prime 12-unit rental property. 6.3% CAP rate. Strategically located on Madison's thriving East Side, just moments from the dynamic pulse of Sun Prairie and a stone's throw from East Town Mall and key bus routes. These professionally maintained 1BR/1BA units boast a history of strong occupancy and steady cash flow. Recent investments include new parking lot and roof bring ongoing profitability while on-site laundry enhances tenant convenience. This property guarantees consistent returns and strong upside for your portfolio. Nearby AmFam campus and the brand-new UW Health East Park Medical Center—completed this year—cement the area's appeal. Demand for units like these is strong... Don't miss your opportunity to invest in the #1 Multi-Fam Market in the country!
  1. Listed by Jonathan Poletti • Haven Real Estate Partners • 608-213-8242

Property Details for 4414 Dwight Drive

Zoning
Commercial

Location

Listing Courtesy of Haven Real Estate Partners
Add your commute
LISTING UPDATED: 06/07/2024 11:44 AM

Property Details for 4414 Dwight Drive

StatusActive
MLS #1976363
Days on Market27
Taxes$23,893 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment building
Year Built1969
CountyDane County

Location

Listing Courtesy of Haven Real Estate Partners
Add your commute

Building Information for 4414 Dwight Drive

Building/Complex4414 Dwight DrFloor-Stories-Residences12Pet Policy-Year Built1969Building Size-

Payment Calculator

$10,150 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,159

Property Taxes

$1,991

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4414 Dwight Drive

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: East Metro Madison
  • Directions: E Washington East to Independence, Turn North, Property is on Left
  • Location: MADISON - C E07
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53704
Parking
  • Park/Unit: 1 space, Outside
  • Parking Spaces Outside: 12
  • Parking Stalls Inside: 12
School Information
  • Elementary: Sandburg
  • High School: East
  • Middle School: Sherman
  • School District: Madison
Taxes and HOA Information
  • Net Taxes: $23,893.00
  • Parcel ID: 0810-281-0711-9
  • Tax Year: 2023
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 1243000
  • Land Assess: $69,000.00
  • Total Assess: $1,312,000.00
  • Total Assess Year: 2023
  • Type: Apartment building, 2 story
  • Year Built: 1969
Lot Information
  • Estimated Total Acres: 0.29
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Brick
Interior Features
  • Number of Dish Washers: 0
  • Number of Dryers: 2
  • Number of Furnaces: 1
  • Number of Stoves: 12
  • Number of Refrigerators: 12
  • Number of Washers: 2
  • Number of Water Heaters: 1
  • Number of Water Softeners: 1
  • Basement: Full, Poured concrete foundatn
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 1
  • Number of 2 Bedrooms: 0
  • Number of 3+ Bedrooms: 0
Multi Family
Unit Information
  • Number of Units w/AC: 12
  • Number of Units: 12
Income & Expenses Information
  • Total Income: $140,580
Unit 1
  • U1 Landlord Pays Heat: Yes
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: #1
  • U1 Parking: 1 Space
  • U1 Number of Bedrooms: 1
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 600
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Kitchen Dimensions: 12x9
  • Unit 1 Living/Great Room Dimensions: 19x13
  • Unit 1 Primary BedRoom Dimensions: 12x12
Unit 2
  • U2 Landlord Pays Heat: Yes
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: #2
  • U2 Parking: 1 Space
  • U2 Number of Bedrooms: 1
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 600

Property History for 4414 Dwight Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4414 Dwight Drive

Taxable ValueLand$69,000Additions$1,243,000Total$1,312,000
Tax Record2022$22,544 ($1,879 / month)
Home Facts
Total Finished SqFt4,187 SqFtAbove Grade Finished SqFt4,187 SqFtStories2Lot Size12,622 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningSR-V2CountyDANEAPN0810-281-0711-9

Schools near 4414 Dwight 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 - 9 to 12
Rating
School
Distance
Sandburg Elementary School
PublicPK to 5

Sherman Middle School
Public6 to 8

East High School
Public9 to 12

Shabazz-City High School
Public9 to 12

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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4414 Dwight Drive is a multi-family home for sale in Madison, WI 53704. This property was listed for sale on May 16, 2024 by Haven Real Estate Partners, it's currently listed at $1,495,000. It has been on the market for a total of 27 days and was last sold on June 25, 2018. This listing's school district is Madison Metropolitan School District. Nearby schools include Sandburg Elementary School, Sherman Middle School and East High School. 4414 Dwight Drive is a 2-bed, 2-bath, 1,200 sqft multi-family home built in 1969.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Haven Real Estate Partners

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 06/07/2024 11:44 AM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2024 – WiREx. – All Rights Reserved