Listed by Lori Schilling • Sprinkman Real Estate. Bought with Lauer Realty Group, Inc.
Off Market Apr 2025 for $600K
$672,095
8
bd
•
4 ba
•
—
sq ft
5718 Balsam Rd, Madison, WI 53711
About this home
Public Remarks: Incredible investment opportunity to own a brick 4-unit apartment building on Madison's West side. Owner occupy is also an option. Great floor plans with large kitchens and spacious living areas. All units have been updated in recent years with new bathroom vanities, new flooring, new light fixtures, and new kitchens with newer appliances. Each unit is provided with an off-street parking spot behind building as well as an additional private/secure storage unit in the basement. Separate furnaces and electrical meters for each unit allow for tenants to pay their own heat & electricity. Coin-op washer/dryer for additional monthly income. Secure manager maintenance room with additional storage and work area is another perk of ownership. Expertly managed & well maintained.
This is a new listing, so no sales records exist yet. As the MLS and public records start to fill up, we'll list the details here.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
68 ft.
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Dane County
APN
0609-062-0207-7
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 21, 2025.
SR-V1
Suburban Residential-Varied 1 District
The SR-V Districts are established to stabilize and protect the essential characteristics of residential areas of varying densities and housing types, typically located in the outlying parts of the City, and to promote and encourage a suitable environment for family life while accommodating a full range of life-cycle housing. The districts are also intended to; Ensure that new buildings and additions to existing buildings are designed with sensitivity to their context in terms of building placement, facade width, height and proportions, garage and driveway placement, landscaping, and similar design features; Maintain and improve the viability of existing housing of all types, while encouraging the updating of older housing in a context-sensitive manner; Maintain or increase compatibility between residential and other allowed uses, and between different housing types, where permitted, by maintaining consistent building orientation and parking placement and screening; Facilitate the preservation, development or redevelopment goals of the comprehensive plan and of adopted neighborhood, corridor or special area plans.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Retail-Grocery
Housing-Group
Housing-Single unit
Housing-Multiple units
Fire house
Police station
Communications tower
Park & open space
Property details
Parking
Parking Information
Parking: 1 Space, Outside
Interior
Interior Features
Water Softener, High Speed Internet
Room Information
Full, Poured Concrete
Multi-Unit Information
# of Units: 4
Unit 1 Information
Sq. Ft.: 900
# of Baths (1/2): 0
# of Baths (Full): 1
# of Bedrooms: 2
Dining Area Description: Level - Main
Dining Area Dimensions: 9 x 9
Unit 2 Information
Sq. Ft.: 900
# of Baths (1/2): 0
# of Baths (Full): 1
# of Bedrooms: 2
Unit 3 Information
Sq. Ft.: 900
# of Baths (Full): 1
# of Bedrooms: 2
Unit 4 Information
Sq. Ft.: 900
# of Bedrooms: 2
# of Baths (1/2): 0
# of Baths (Full): 1
Exterior
Building Information
Building Type: Apartment Building, 2 Story
Stories: 1-2
Exterior
Exterior: Brick
Property Information
Stories: 1-2
Multi-Family
Information Source Year Built: Assessor/Public Record
Lot Information
Lot Acreage: 0.27
Zoning: SR-V1
Financial
Tax Information
Total Taxes: $8,149
Tax Year: 2024
Utilities
Utility Information
Municipal Water, Municipal Sewer
Separate Electric Meters, Separate Gas Meters
Heating/Cooling: Forced Air
Natural Gas
Location
Neighborhood Information
Municipality: MADISON
Municipality Type: City
School Information
School District: Madison
Elementary School: Orchard Ridge
Middle School: Toki
High School: Memorial
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Dane County
APN: 0609-062-0207-7
Home facts updated by county records on Feb 21, 2025