736 E Johnson Street, Madison
$740,000
MLS® # 1974041, 26 days, Active
405 Washburn Place, Madison
$610,000
0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages
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.
Madison Property Management, Inc..
Essential Information
Status Active
Detailed Status Active
Days on Market 144
MLS® # 1968080
Price $610,000
Year Built 1907
Type Multi Family
Assessed Value $445,000
Year Assesed 2023
Net Taxes $8,238
Tax Year 2022
Total Income $47,040
Utilities Separate elec meters
Parking Per Unit 557
Exterior Vinyl, Aluminum
Community Information
Address 405 Washburn Place
MLS® Area MADISON - C E01
City Madison
County Dane
State WI
Zip Code 53703
School Information
Property Overview
Efficiency Units 2
1 Bedroom Units 2
Total Units 4
# of Furnaces 2
# of Water Heaters 1
Heat Fuel Natural Gas
# of Stoves 4
# of Refrigerators 4
# of Dishwashers 1
# of Washers 1
# of Dryers 1
Unit 1 Details
# of Full Baths 1
Lease Expires 5/31/2024
Monthly Rent $645
Square Feet 500
Parking Street
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Full Baths 1
Lease Expires 5/31/2024
Monthly Rent $890
Square Feet 500
Parking Street
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 3 Details
# of Bedrooms 1
# of Full Baths 1
Lease Expires 8/14/2024
Monthly Rent $1,095
Square Feet 650
Parking Street
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 4 Details
# of Bedrooms 1
# of Full Baths 1
Lease Expires 7/31/2024
Monthly Rent $990
Square Feet 650
Parking Street
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Additional Information
Zoning TRV2-WP24
Short Sale No
REO / Bank Owned No
Property History
Price Reduced from $625,000 to $610,000
Map Views
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Data provided by the South Central Wisconsin MLS as of 04/27/2024.
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