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405 Washburn Place, Madison, WI 53703

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For Sale

$610,000

2 beds

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

  • Basement
    Rooms

  • Basement
    Amenities

Explore this Property

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..
MLS# 1968080

Courtesy Of Madison Property Management, Inc.

(608) 251-8777

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Basement
  • Appliances
    Dryer, Washer
  • Architecture Style
    Other
  • Exterior Type
    Aluminum Siding, Vinyl Siding
  • Heating System
    Central Furnace, Forced Air
  • Lot Size
    0.12 Acres
  • Roof Type
    Unknown
  • Rooms
    Basement, Bedroom

Map and Directions

Directions to 405 Washburn Place, Madison, WI 53703

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CENTURY 21 Affiliated

(608) 665-2060
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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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