6401-6403 Raymond Rd, Madison, WI 53711

Property Description

Showings to take place ONLY during open houses: Fri 3/6 & Sat 3/7 Noon-2PM. Incredible investment opportunity to own a duplex with garage parking on Madison's West side. Desirable townhouse floor plans with spacious living areas. Both units have been updated in recent years with updated kitchen cabinets/appliances, new vinyl plank flooring on main level, and new light fixtures. Each unit has it's own 1-car garage plus additional off-street parking - 6401 is attached, 6403 is detached. Separate gas, electrical, and water meters for each unit allow for tenants to pay their own heat, electricity, and water. New electrical panels installed in both units in 2022. 6401 has a new furnace in 2026. Partially finished basement on 6403 side allows for more usable space. Potential to do same in 6401 side for added value. Large spacious lot with no side neighbor is desirable for tenants. Nearly $50K of annual income with a 10.5 GRM makes for a great investment.