405 Washburn Place

Madison, WI 53703 View Map $610,000 Schedule a Tour
Acres0.12
Year1907
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Status: Active
Property Type:2 Flat-Up And Down
MLS #:1968080
On Site:137 Days
Lot Size:0.12 Acres
County:Dane

Listing Office

Office:Madison Property Management, Inc.
4 unit rental property located near the intersection of W. Gorham St. and Washburn Place just one block from Lake Mendota. Highly desirable location just one mile from downtown Madison and walking distance to many local restaurants, entertainment, Festival Foods and other retailers. Units 405 & 407 Washburn Place are both 500 sq.ft. studios with 1 bath each. Units 407 & 409 Washburn Place are both 650 sq.ft. with 1 bed and 1 bath each. Fully leased out until 2025. The current total monthly rent is $3,920/month for the 2023-2024 rental season. Rents will increase to $5,065/month for the 2024-2025 rental season.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
2/23/2024$625,000$610,000-2.4%

Community Information

Address:405 Washburn Place, Madison, WI 53703
County:Dane
City:Madison
Zip Code:53703

School Information

School System:Madison
High School:East
Middle School:OKeeffe
Elementary School:Lapham/Marquette

Architecture

Year Built:1907
Stories:2
Exterior: Aluminum/Steel, Vinyl
Construction Type: 2 story, 2 flat-up and down
Unit 1 Bathrooms: 1 Full
Unit 1 Sq. Ft.: 500
Unit 1 Parking Places: Street
Unit 2 Bathrooms: 1 Full
Unit 2 Sq. Ft.: 500
Unit 2 Parking Places: Street
Unit 3 Bedrooms: 1
Unit 3 Bathrooms: 1 Full
Unit 3 Sq. Ft.: 650
Unit 3 Parking Places: Street
Unit 4 Bedrooms: 1
Unit 4 Bathrooms: 1 Full
Unit 4 Sq. Ft.: 650
Unit 4 Parking Places: Street
Basement: Full, Walkout to yard
Parking per Unit: Outside

Features / Amenities

Heating: Forced air
Fuel: Natural Gas

Property Features

Lot Size: 0.12 Acres
Water / Waste: Municipal sewer, Municipal water
Utilities: Separate elec meters
Zoning:TRV2-WP24
Directions:E. Gorham St., to Washburn Place

Tax and Financial Info

Tax Year: 2022
Net Taxes: $8,238
Total Assess: $445,000 / 2023
Unit 1 Rent: $645 / month
Unit 2 Rent: $890 / month
Unit 3 Rent: $1,095 / month
Unit 4 Rent: $1,095 / month
Total Income: $47,040
Legal Documents: Income/Exp Report Avail

Schools

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405 Washburn Place Madison,  WI 53703
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405 Washburn Place Madison, WI 53703
 
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Listing Information Last Updated 4/19/2024
Copyright 2024 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify perspective properties consumers may be interested in purchasing. This information, provided by seller, listing broker, and other parties, may not have been verified.