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$ 900,000
Est. payment | /mo
3,484 Sqft Lot
$ 900,000
Est. payment | /mo
3,484 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2023681
Year Built 1882
Annual Tax Amount $14,248
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Rarely do you find a 2-flat with this much size, income, and upside all in one package! Located right next to James Madison Park, this 8-bedroom property is already generating over $7,100/month with potential to push rents beyond $8,200/month. The oversized units, off-street parking, unbeatable location, and classic charm make these apartments incredibly easy to rent year after year. Well maintained with a newer boiler already installed, this is the kind of investment property that checks every box! Strong cash flow today with even more room to grow tomorrow. Even better, this property is part of the 120-126 N Franklin st Portfolio. A rare side-by-side 27 bedroom opportunity at an attractive price offering significant development potential.
Location
State WI
County Dane
Zoning DR1
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Other
Inclusions All appliances, washing machines, dryers, water heaters, water softeners, window coverings
Exterior
Exterior Feature Vinyl
Building
Dwelling Type 2 Flat Up and Down
Story 1 - 2
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Lapham/Marquette
Middle Schools Okeeffe
High Schools East
School District Madison
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Listed by EXIT Realty HGM
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