Presenting a lucrative opportunity with this well-maintained 2-unit property, situated near all of Monona's amenities, ensuring high rentability and continuous cash flow. Washer and dryer hookups available in the basement, adding a layer of convenience for tenants and the potential for additional income. Storage units in the basement for both tenants. Currently, one of the units is vacant, offering a perfect scenario for an owner-occupant to live in one unit while enjoying the financial benefits of renting out the other. Alternatively, it's a choice for investors looking to capitalize on the area's high demand. This property is not just a residence, but an investment in a vibrant and desirable community.
Sold for $390,000
$390,000
2005 Lake Point Dr, Madison, WI 53713
6beds
2,340sqft
Apartment
Built in 1958
-- sqft lot
$462,600 Zestimate®
$167/sqft
$1,675 Estimated rent
Home value
$462,600
$393,000 - $537,000
$1,675/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Ferraro Real Estate Team,
EXP Realty, LLC
Bought with:
The Opportunity Team
Keller Williams Realty
Source: SCWMLS,MLS#: 1969556
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Radiant
Features
- Separate Storage (Unit 1), Shared basement, Separate Storage (Unit 2)
- Basement: Full
Interior area
- Total structure area: 2,340
- Total interior livable area: 2,340 sqft
Property
Parking
- Total spaces: 3
- Parking features: 2 spaces, Outside
- Details: Outside
Lot
- Size: 8,276 sqft
Details
- Parcel number: 071019409129
- Zoning: TR-V1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Vinyl Siding
- Foundation: Poured concrete foundatn
Condition
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters
Community & neighborhood
Location
- Region: Madison
HOA & financial
Other financial information
- Total actual rent: 38400
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 4/5/2024 | Sold | $390,000+4%$167/sqft |
Source: SCWMLS #1969556 Report a problem | ||
| 2/6/2024 | Pending sale | $375,000$160/sqft |
Source:  WIREX MLS #1969556 Report a problem | ||
| 1/31/2024 | Listed for sale | $375,000$160/sqft |
Source: WIREX MLS #1969556 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,158 +3.9% | $263,500 +7% |
| 2023 | $4,963 | $246,300 +11% |
| 2022 | -- | $221,900 +20% |
| 2021 | -- | $184,900 +8% |
| 2020 | -- | $171,200 |
| 2019 | $3,526 | $171,200 +7% |
| 2018 | $3,526 +11.4% | $160,000 +15% |
| 2017 | $3,166 -3.8% | $139,100 |
| 2016 | $3,290 +5% | $139,100 +5% |
| 2014 | $3,132 -20.1% | $132,500 |
| 2013 | $3,923 +25.3% | $132,500 |
| 2012 | $3,131 +5.2% | $132,500 |
| 2011 | $2,976 +1.5% | $132,500 -2% |
| 2010 | $2,932 +8.2% | $135,200 |
| 2009 | $2,709 +16.8% | $135,200 +11.6% |
| 2008 | $2,319 -2.5% | $121,100 |
| 2007 | $2,379 -0.3% | $121,100 |
| 2006 | $2,386 -1.4% | $121,100 +4% |
| 2005 | $2,419 -3.8% | $116,400 +3% |
| 2004 | $2,514 +0% | $113,000 |
| 2003 | $2,513 +8.5% | $113,000 +10% |
| 2002 | $2,316 +25.3% | $102,700 +30% |
| 2001 | $1,849 -3.5% | $79,000 |
| 2000 | $1,916 | $79,000 |
Find assessor info on the county website
Neighborhood: Waunona
Nearby schools
GreatSchools rating
- 2/10Glendale Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 5/10Sennett Middle SchoolGrades: 6-8Distance: 1.7 mi
- 6/10Lafollette High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- District: Madison
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$462,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$462,600
- Wisconsin
- Dane County
- Madison
- 53713
- Waunona
- 2005 Lake Point Dr
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