4 unit rental property located near the intersection of W. Gorham St. and Washburn Place just one block from Lake Mendota. Highly desirable location just one mile from downtown Madison and walking distance to many local restaurants, entertainment, Festival Foods and other retailers. Units 405 and 407 Washburn Place are both 500 sq.ft. studios with 1 bath each. Units 407 and 409 Washburn Place are both 650 sq.ft. with 1 bed and 1 bath each. Fully leased out with a monthly gross income of$3, 920/month.
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The average household income in
Madison, WI
grew
from
$56,464
to
$59,387
in the past year. This data is an estimate based upon
107,890
households in
Madison, WI. The chart below presents how household income is distributed in
Madison, WI
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Madison, WI
compared to median property taxes around the country. The prevalent amount of property taxes in
Madison, WI
equals
$3k+
, which is
more
than the national average.