NOT LISTED FOR SALE

N4148 Pine St Brodhead, WI 53520

8 Beds
4 Baths
3,280 Sq Ft
1.55 Acres

Last Sold April 30, 2024

Last sale price $950,000 $290 Per Sq Ft

14 Days on Market

Highlights

  • Fireplace
  • Accessible Bedroom
  • Forced Air Heating and Cooling System
  • Eat-In Kitchen
  • Accessible Full Bathroom
  • Water Softener is Owned

About This Home

As of April 2024

Rare investment opportunity! Two meticulously maintained 4-unit apartment buildings boasting cash-flow positivity. Each unit features a spacious kitchen, cozy gas fireplace, central air, in-unit laundry, and a private one-car garage. In a sought-after neighborhood just outside city limits, apartments offer an easy commute to Madison and Janesville. Enjoy stable rental demand, low vacancy rates, and the potential for value appreciation. Don't miss your chance to secure steady returns and long-term growth with this prime investment property! Schedule a showing now!

Last Agent to Sell the Property

Jeff Maliszewski

EXIT Professional Real Estate License #56545-90 Listed on: 02/21/2024

Last Buyer's Agent

Jeff Maliszewski

EXIT Professional Real Estate License #56545-90 Listed on: 02/21/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,430

Year Built

  • Built in 1999

Lot Details

  • 1.55 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fireplace

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • Garage
  • 20 Open Parking Spaces
  • Garage Door Opener
  • Driveway Level

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

  • Ronald R Albrecht Elementary School
  • Brodhead Middle School
  • Brodhead High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Well
  • Water Softener is Owned

Community Details

  • 8 Units
  • Net Operating Income $65,041

Listing and Financial Details

  • Assessor Parcel Number 012-0230.0400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,430

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Municipality: Decatur
  • Status Detail: Sold
  • Mailing City: Brodhead
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Barrier Free: First floor bedroom, First floor full bath, Level drive, Level lot
  • Items Excluded: Tenants and Seller's personal property
  • Items Included: 8 stoves, 8 refrigerators, 8 dishwashers, 8 washers, 8 dryers, 1 water softener
  • Miscellaneous: Water Softener Owned
  • Year Built: 1999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 8
  • Number Dryers: 8
  • Number Furnaces: 8
  • Number Refrigerators: 8
  • Number Stoves: 8
  • Number Units W Ac: 8
  • Number Washers: 8
  • Number Water Heaters: 8
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 8
  • Parking Stalls Outside: 20

Utilities

  • Water Waste: Well, Non-Municipal/Prvt dispos
  • Park Unit: 1 stall garage, Opener inc
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 12959

Schools

  • School District: Brodhead
  • Elementary School: Ronald R Albrecht
  • Middle School: Brodhead
  • High School: Brodhead
  • Elementary School: Ronald R Albrecht
  • High School: Brodhead
  • Middle School: Brodhead
  • School District: Brodhead

Lot Info

  • Estimated Aces: 1.55
  • Zoning: Res

Rental Info

  • Total Income: 78000

Tax Info

  • Land Assessment: 27800
  • Improvements: 355200
  • Total Assessment: 383000
  • Assessment year: 2023
  • Net Taxes: 7430
  • Tax Year: 2023
  • Assessor Parcel Number: 012-0230.0400

Multi Family

  • Number Of2 Bedrooms: 8
  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2018
Sold by
Pandow James K and Pandow Gale F
Bought by
Pandow James K and Pandow Gale F
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pandow James K -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2024 04/30/24 Sold $950,000 -4.9% $290 / Sq Ft
02/29/2024 02/29/24 For Sale $999,000 +5.2% $305 / Sq Ft
02/24/2024 02/24/24 Off Market $950,000 -- --
02/21/2024 02/21/24 For Sale $999,000 -- $305 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,011 $463,900 $28,400 $435,500
2023 $3,715 $191,500 $13,900 $177,600
2022 $3,525 $191,500 $13,900 $177,600
2021 $3,168 $191,500 $13,900 $177,600
2020 $3,107 $191,500 $13,900 $177,600
2019 $2,892 $191,500 $13,900 $177,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1971628

South Central Wisconsin Multiple Listing Service

APN: 23-012-230.0400