Homes for sale - 4650 Hayes Road, Madison, WI 53704

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Patrick Johnson

Momentum Realty Partners powered by ADT Realty

patrick@momentumrealtypartners.com +1(920) 321-4136

Listed by The McGrady Group, LLC

$ 700,000

Est. payment | -/mo

8 Beds

4 Baths

4,160 SqFt

Save

$ 700,000

Est. payment | -/mo

Save

8 Beds

4 Baths

4,160 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartment building,2 story

Listing Status Active

Purchase Type For Sale

Square Footage 4,160 sqft

Price per Sqft $168

MLS Listing ID 2002933

Bedrooms 8

Full Baths 4

Year Built 1986

Annual Tax Amount $9,325

Tax Year 2023

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Apartment building,2 story

Property Description

This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD's Small Area Fair Market Rent (SAFMR) guidelines for Dane County, effective through October 2025. Roof replaced – 2011, Energy efficiency improvements – October 2022: Blower door test, Attic air sealing & additional insulation, Bathroom vent fans replaced.

Location

State WI

County Dane

Area Madison - C E07

Zoning SR-V2

Direction I-39N/I-90W. Continue on I-39N/I-90W to Madison. Turn right onto Service Ln, Turn right onto E Wash Ave Frontage Rd, Continue onto Hayes Rd

Rooms

Basement None

Interior

Heating Radiant

Inclusions Refrigerator(4), Range/Ovens(4), Dishwashers(4), Washers(4), Dryers(4), Wall A/C(4)

Heat Source Electric

Exterior

Parking Features 1 stall garage, Attached, 1 space, Opener inc

Utilities Available Separate elec meters, Separate gas meters

Building

Water Municipal sewer, Municipal water

Structure Type Brick,Vinyl

Schools

Elementary Schools Sandburg

Middle Schools Sherman

High Schools East

School District Madison

4650 Hayes Road Madison, WI 53704