4650 Hayes Road

Madison, WI 53704
Square Ft.
4,160
$700,000
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-incomeRead MoreRead Less
Presented by: The McGrady Group, LLC 608-772-3640
Listing Snapshot
Days Online
88
Last Updated
Property Type
Multi Family
Square Ft.
4,160
Lot Size
0.28 Acres
Year Built
1986
MLS Number
2002933
30 Days Snapshot Of 53704
$500k
+21%
(avg) sold price
36
-12%
homes sold
13
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
4 refrigerators, 4 dishwashers, 4 washers, 4 dryers
Basement
None
Building
4 units, 4 two-bedroom units, Unit 1 is 1,040 square feet, Unit 2 is 1,040 square feet, Unit 3 is 1,040 square feet, Unit 4 is 1,040 square feet, Unit 1: Unit 1, Unit 2: Unit 2, Unit 3: Unit 3, Unit 4: Unit 4, 4 units with A/C, Estimated age: 1986, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Individual heat control, In-unit laundry, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Individual heat control, In-unit laundry, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, In-unit laundry, Eat-in kitchen, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Wood or sim. wood floor, Individual heat control, In-unit laundry
Exterior Features
Vinyl, Brick
Water Features
Unit 1 - landlord pays water?: Yes, Unit 2 - landlord pays water?: Yes, Unit 3 - landlord pays water?: Yes, Unit 4 - landlord pays water?: Yes, 4 water heaters, 1 water softener, Municipal water, Municipal sewer
Heating
Unit 1 - landlord pays heat?: No, Unit 2 - landlord pays heat?: No, Unit 3 - landlord pays heat?: No, Unit 4 - landlord pays heat?: No, Heating fuel: Electric
Lot
0 estimated total acres
Miscellaneous
Total income: $54,870, Total expenses: $21,945, Net operating income: $32,925, Unit 1 rent: $1,420 per month, Unit 2 rent: $1,170 per month, Unit 3 rent: $1,170 per month, Unit 4 rent: $1,170 per month, Close to bus line, Water Softener Owned, Internet - Cable
Parking
Unit 1 parking: 1 Car Garage, Unit 2 parking: 1 Car Garage, Unit 3 parking: 1 Car Garage, Unit 4 parking: 1 Car Garage
Property
Zoning: SR-V2
Taxes
Tax year: 2023, Net taxes: $9,325
Utilities
Unit 1 - landlord pays electric?: No, Unit 2 - landlord pays electric?: No, Unit 3 - landlord pays electric?: No, Unit 4 - landlord pays electric?: No, Separate elec meters, Separate gas meters
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Brad Brethouwer
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