Fully rented in Madison. $40,080 a year in rent.
854 Dane St. Three leases in place, new roof and furnace, and a location that keeps tenants renting.
About 10 times annual rent. Owner-listed, with English and Spanish service.
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The income
Every unit is rented under a signed lease. Copies are available to serious buyers.
| Unit | Rent per month |
|---|---|
| Main house (main floor and upstairs) | $2,000 |
| Basement room A | $640 |
| Basement room B | $700 |
| Total | $3,340 |
That is $40,080 per year. Rents include water and electricity, which the owner pays. Utility bills are available on request.
What you get
- Main floor: 2 bedrooms, 1 bathroom, kitchen. Upstairs: 2 small bedrooms.
- Two rented rooms in the basement.
- New roof and gutters, and a new furnace.
- Large back yard.
- 1930 bungalow, 1,104 sq ft above ground, 6,011 sq ft lot.
Location, location, location.
Strong locations keep rooms filled. Here is what is around the property:
Park and courts behind the house
Basketball court and a park with a soccer field.
UW-Madison and the Capitol
A short ride to downtown and the university.
Centro Hispano
Community programs and events close by.
South Madison Library
Free programs, computers, and children’s resources.
Zoo and Access clinic
Free zoo admission and community health care nearby.
Beltline and bus access
Bus stop about 100 meters away and quick access across the city.
Before you make an offer
We want buyers who feel confident, so here is what we suggest you check.
- Review the leases and utility bills, which we will share.
- Confirm zoning, rental registration, and occupancy rules with the City of Madison.
- Showings need advance notice to tenants.
- Tenants stay in place, and leases transfer to the buyer.
Interested? Let’s talk.
We speak English and Spanish. Send a message and we will reply the same day.
Message us on WhatsAppPrefer a call? (608) 616-5434