Listing Office: Madison Property Management, Inc.
About 405 Washburn Place
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 & 407 Washburn Place are both 500 sq.ft. studios with 1 bath each. Units 407 & 409 Washburn Place are both 650 sq.ft. with 1 bed and 1 bath each. Fully leased out until 2025. The current total monthly rent is $3,920/month for the 2023-2024 rental season. Rents will increase to $5,065/month for the 2024-2025 rental season.
Features of 405 Washburn Place
| MLS® # | 1968080 |
|---|---|
| Price | $610,000 |
| Year Built | 1907 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 405 Washburn Place |
|---|---|
| Area | MADISON - C E01 |
| City | Madison |
| County | Dane |
| State | WI |
| Zip Code | 53703 |
Amenities
| Utilities | Separate elec meters |
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Interior
| Heating | Forced air |
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Exterior
| Exterior | Vinyl, Aluminum |
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School Information
| District | Madison |
|---|---|
| Elementary | Lapham/Marquette |
| Middle | OKeeffe |
| High | East |
Additional Information
| Zoning | TRV2-WP24 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Madison Property Management, Inc. |
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