WI > Madison
Madison, WI 53704,1923 Sherman Avenue
Madison, WI 53704,1923 Sherman Avenue,Video Tour
Madison, WI 53704,1923 Sherman Avenue
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Kenneth Kaiser

Kenneth Kaiser

+1(608) 843-5227
Listed by The Hub Realty
$3,900,000
8 Beds
4 Baths
3,090 SqFt
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Key Details

Property Type Multi-Family

Sub Type Apartment building,2 story

Listing Status Active

Purchase Type For Rent

Square Footage 3,090 sqft

MLS Listing ID 2000706

Bedrooms 8

Full Baths 4

Year Built 1955

Annual Tax Amount $42,303

Tax Year 2024

Lot Size 0.917 Acres

Acres 0.917

Property Sub-Type Apartment building,2 story

Property Description

This 26 unit, all brick, apt building has been with the same owner for the last 25 years! The property consists of 26 two bedroom apts with uniform floor plans. Current rents range from $1,075 (legacy tenants) to $1,350 (latest turn overs). Units should rent for $1,350+, as is, with just one turn over. Some updates include 2017 driveway/parking lot, 2016 new high efficiency boiler, 2023 new water softener, 2025 new water heater & stairwell carpet, 18 units have new flooring since 2020. $383K current annualized rent roll with clear path to $446K/year. Professionally managed (Prima) and operates efficiently at under $120K/year (2024) in operating expenses. Seller's property manager will be offering renewals for Jul & Aug shortly, so call today to control the future of this great property!

Location

State WI

County Dane

Area Maple Bluff - V

Zoning TR-V2

Direction East on East Gorham, Left on Sherman Ave, Right into Property

Rooms

Basement Full, Full size windows/Exposed, Partially finished

Interior

Heating Radiant

Inclusions 26 refrigerators, 26 oven/ranges, 26 in wall A/C's, water heaters, water softener, boiler, fitness equipment.

Heat Source Natural Gas

Exterior

Parking Features 1 space, Outside

Utilities Available Separate elec meters

Building

Water Municipal water, Municipal sewer

Structure Type Brick

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison

Others

Virtual Tour https://my.matterport.com/show/?m=dratYupMH2o&brand=0&mls=1&

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South Central Wisconsin MLS (SCWMLS)
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2025 South Central Wisconsin MLS Corporation. All rights reserved

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agent

Kenneth Kaiser

Broker Associate | License ID: 55328-90

+1(608) 843-5227

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