2-Flat In The Heart of Downtown Madison

854 E Gorham St

Gross Annual Rent $33,600

Investment Property / 2-Unit

$460,000

ACCEPTED OFFER!!!

Make This Charming & Well Cared For Investment Property Yours!

This meticulously maintained 2-unit has undergone many recent upgrades --grossing $33,600 in annual income.

This highly in-demand property attracts tenants year-round with its open floor plan, large windows (with loads of natural light), hardwood floors throughout, high ceilings, original woodwork, neighborhood charm & urban amenities.

Tenants enjoy their own private 3-season porch, and a shared, cozy backyard with patio, raised garden bed & privacy fence. The owner provides onsite laundry and a shared storage space in the basement.

Each unit has its own electric and gas meters. Tenants pay for all utilities except for water.

Location Location Location!

Located in Madison’s hottest neighborhood and for a multitude of reasons! Numerous historic homes occupy the tree-lined streets in this hip, vibrant and centrally-located community. Residents can work, shop, dine, plus be near greenspace, water, and UW- Madison campus, all within a short walk. Located on a well serviced Madison Metro bus corner also make this location uber convenient.

Other Nearby Amenities: Festival Foods, Willy Street Co-op, Madison Food Mart, Cork ‘n Bottle, Breese Stevens Field, Wil-Mar Neighborhood Center, The Sylvee, High Noon Saloon, The Brink Lounge, Brass Ring, Old Sugar Distillery, James Madison Park, Johnson Public House, Robin Room, Bradbury’s Coffee, Bos Meadery, Cargo Coffee, EVP Coffee, Grace Coffee, Mendota Rowing Club, I/O Arcade Bar, Capital Fitness, Pinnacle Health & Fitness, RVM Classics, Good Style Shop, UpShift Swap Shop, Bernie’s Rock Shop, Old Town Cycles, Gib’s, Macha Tea Company, The Crystal Corner Bar, Woofs, Hartmeyer Ice Arena, Yoga Co-op of Madison, Pinkus McBride Market, Wild Blossom Acupuncture & Wellness, Colectivo Coffee, Lake Mendota & the Yahara River

Nearby parks include: Tenney Park (& boat launch), Burrow Park, Giddings Park, Reynolds Park, McPike Park, Demetral Field and Burr Jones Park & Field.

Nearby Restaurants: Hone, Paleo Mama, SuperCharge! Juice Bar, Naples15, Gotham Bagels, Graze, The Caribou Tavern, The Coopers Tavern, The Old Fashioned, The Boathouse at the Edgewater, Alimentari, Madison Sourdough, Banzo, Bear & Bottle, Dark Horse, Little Tibet, The Baldwin Street Grille, Mickey's Tavern, Kavanaugh’s Esquire Club, Cafe La Bellitalia, Chocolate Shoppe Ice Cream, Salvatore's Tomato Pies, Jardin - Robinia Courtyard, Black Locust Cafe, The Alchemy, Tipsy Cow, Merchant, Lucille, Natt Spil, Osteria Papavero, Pasqual’s Cantina, Tex Tubb's Taco Palace, Bar Corallini, Mint Mark, La Kitchenette, Batch Bakehouse, Ha Long Bay, Lao Laan Xang, Grampa’s Pizzeria, and Weary Traveler.

Updates & Features

Roof – 2018
Gutters/downspouts – 2018
Washer/Dryer – 2018
Mulch – 2021
Privacy fence
Raised garden bed

Unit 1 Improvements

Water heater – 2020
Bathroom remodel (toilet, fixtures, plumbing, tile surround in shower/tub, flooring) – 2017
Storm windows – replaced during ownership
Furnace – replaced during ownership
Includes removable kitchen island

Unit 2 Improvements

Water heater – 11/2012
Windows – 2017
Storm windows – 2018
Bathroom remodel – during ownership
Furnace upkeep (blower motor, circuit board, glow bar) – during ownership