1212 Vilas Avenue, Madison

$2,075,000

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0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Sold Comp. Portfolio Sale of the following addresses: 1212 Vilas Ave., 1615 Jefferson St., 1608 Madison St., 616-618 S. Mills. Four non-contiguous properties sold as a portfolio, totaling 10 units. Properties fully leased through August 2024. Several newer mechanicals and appliances. Some parking spots leased separately. Upside potential with football game parking and some below market rate rents.

First Weber Inc.

Essential Information
Status Sold
Detailed Status Sold 6/26/2023
Days on Market 43
MLS® # 1958832
Price $2,075,000
Year Built 1911
Type Multi Family
Assessed Value $2,034,300
Year Assesed 2022
Net Taxes $39,972
Tax Year 2022
Total Income $151,620
Utilities Separate elec meters
Parking Per Unit 550,552
Exterior Aluminum
Community Information
Address 1212 Vilas Avenue
MLS® Area MADISON - C W14
City Madison
County Dane
State WI
Zip Code 53715
School Information
District Madison
Elementary Franklin/Randall
Middle Hamilton
High West
Property Overview
1 Bedroom Units 1
2 Bedroom Units 6
3 Bedroom Units 3
Total Units 10
# of Furnaces 1
# of Water Heaters 7
# of Water Softeners 4
Heat Fuel Natural Gas
# of Stoves 10
# of Refrigerators 10
# of Dishwashers 4
# of Washers 4
# of Dryers 4
Unit 1 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires 08/14/2024
Monthly Rent $1,325
Square Feet 912
Parking 1 Car Garage
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 08/14/2024
Monthly Rent $1,450
Square Feet 912
Parking 1 Car Garage
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 3 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 08/14/2024
Monthly Rent $1,500
Square Feet 1,072
Parking 1 Car Garage
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 4 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires 08/14/2024
Monthly Rent $1,450
Square Feet 1,120
Parking 2 Space
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Additional Information
Zoning TR-C3
Short Sale No
REO / Bank Owned No
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Data provided by the South Central Wisconsin MLS as of 05/03/2024.

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