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723-725 Jenifer St,  Madison,  WI  53703-3530 $1,200,000 Sold
723-725 Jenifer St,  Madison,  WI  53703-3530
$1,200,000
Sold
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 Property Type Multi Family
 Parcel # 0709-134-1605-8
 County Dane
 Sub Area E01
 Municipality Madison
 MLS# 1821346
 Listing Date 01/24/2018
 Sold Price $1,150,000
 Close Date 04/13/2018 12:00 AM

MLS Public Remarks  RARE INVESTMENT OPPORTUNITY! This parcel has 2 beautifully updated properties and combines lake-side living with lucrative earning potential. The 3-tiered single-family home has 3 bdrms, den, 3 baths, 2 delegated PARKING SPACES and stunning lake views from all 3 levels of the home. Plus, a fully rented 4-unit income property. Currently, the lower level of the home is being used as a vacation rental, which could double your income potential and more. This rare parcel is located in the highly desirable Wil-Mar neighborhood, close to bus line, shopping, restaurants, bike path, and more.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Williamson St. To South On Livingston St. To Right On Jenifer St.
    • BUILDING INFO  
  • Number of Units  5
  • Year Built  1890
  • # Furnaces  2
  • Heating Type  1 Other
  • Heating Fuel  Nat Gas
  • # Water Heaters  3
  • # Water Softeners  1
  • # Stoves  6
  • # Refrigerators  6
  • # Dish Washers  1
  • # Washers  2
  • # Dryers  2
  • # Units w/AC  5
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  4
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  0
  • Number of 3+ Bedrooms  1
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  3365
  • Net Operating Inc  30595
  • Year  2017
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  East
  • Middle  OKeeffe
  • Elementary  Lapham/Marquette
  • Land Assessment  $476,600
  • Improvements  $397,300
  • Total Assessment  $873,900
  • Net Taxes  $19,713
  • Assessment Year  2017
  • Tax Year  2016
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  HIS-R4
  • Subdivision  
  • Name of Lake/River  Monona
  • Est. Total Acres  0.18
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Air conditioning, Balcony/patio, Eat-in kitchen, Range/oven, Refrigerator
  • Unit 2  Air conditioning, Range/oven, Refrigerator
  • Unit 3  Air conditioning, Balcony/patio, Eat-in kitchen, Range/oven
  • Unit 4  Air conditioning, Range/oven, Refrigerator
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 0 1 0 8/15/2018 $825 0 Street No Yes Yes
    2 0 1 0 8/14/2018 $615 0 Street No Yes Yes
    3 0 1 0 7/31/2018 $790 0 Street No Yes Yes
    4 0 1 0 8/14/2018 $600 0 Street No Yes Yes
    Items Included 
    Items Excluded  Sellers and tenants personal property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Partial, Sump pump
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  2 spaces, Outside
  • Barrier-free Features  First floor bedroom, First floor full bath, Open floor plan
  • Exterior  Other, Wood
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  Condition report on file, Joint driveway agreement
  • Miscellaneous  Close to bus line, Security system, Shared laundry, Water Softener Rented



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Keller Williams Realty