138-140 S Franklin Street, Madison

$800,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Prime Investment or Residence: this downtown Madison gem has recently been remodeled top to bottom and is ideal for investment or owner-occupation. Included is one unit with 4-beds, 3 baths and another unit with 2-beds, 2 baths. They are both fully leased through May 31, 2024. Further enhancing the lifestyle of this downtown residence are four parking spots, large balconies and porches, and indoor bike storage. This property has versatile potential; turn key, low maintenance investment, long-term residence, or future development site. Located in a prime area with easy access to cultural, recreational, entertainment, and economic hubs, including Lake Monona, Monona Terrace, and the Capitol and many restaurants.

Berkshire Hathaway Homeservices True Realty.

Essential Information
Status Sold
Detailed Status Sold 3/18/2024
Days on Market 29
MLS® # 1966124
Price $800,000
Year Built 1890
Type Multi Family
Assessed Value $647,700
Year Assesed 2023
Net Taxes $12,744
Tax Year 2022
Total Income $67,800
Total Expenses $17,714
Net OP Income $50,086
Utilities Separate water meters, Separate elec meters, Separate gas meters
Parking Per Unit 557
Exterior Vinyl
Community Information
Address 138-140 S Franklin Street
MLS® Area MADISON - C E01
City Madison
County Dane
State WI
Zip Code 53703
School Information
District Madison
Elementary Lapham/Marquette
Middle OKeeffe
High East
Property Overview
2 Bedroom Units 1
3 Bedroom Units 1
Total Units 2
# of Water Heaters 2
# of Water Softeners 2
Heat Fuel Natural Gas
# of Stoves 2
# of Refrigerators 2
# of Dishwashers 2
Units with AC 2
# of Washers 2
# of Dryers 2
Unit 1 Details
# of Bedrooms 4
# of Full Baths 3
Lease Expires 5/21/2024
Monthly Rent $3,450
Square Feet 2,264
Parking 2 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 2
# of Full Baths 2
Lease Expires 5/31/2024
Monthly Rent $2,200
Square Feet 1,332
Parking 2 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Additional Information
Zoning PD
Barrier Free First floor bedroom
Short Sale No
REO / Bank Owned No
Property History
Status Changed from Offer-Show to Sold
Status Changed from Active to Offer-Show
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DISCLAIMER: Information is supplied by seller and other third parties and has not been verified.The IDX information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data provided by the South Central Wisconsin MLS as of 04/27/2024.

Copyright 2024 – (South Central Wisconsin MLS) – All Rights Reserved

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