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152 E Johnson St,  Madison,  WI  53703 $777,000 Sold
152 E Johnson St,  Madison,  WI  53703
$777,000
Sold
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 Property Type Multi Family
 Parcel # 0709-144-0626-4
 County Dane
 Sub Area W01
 Municipality Madison
 MLS# 1863563
 Listing Date 07/16/2019
 Sold Price $800,000
 Close Date 08/19/2019 12:00 AM

MLS Public Remarks  No showings until 7/25. Wonderful 9-unit building located two blocks off the Capitol Square! Building consists of 7 studio apts, two 1-bedroom apts & 5 off-street parking stalls. Solid floor plans w/easy marketability, strong rental history & many long term tenants. Property has historically been leased on traditional 12-mo terms but other great possibilities for short term rental, bed & breakfast or redevelopment (confirm w/city). Property is under-rented. LA estimates market gross revenue to be $90K-$100K annually. Monthly rents beginning Aug 2020: 1-$685, 2-$0 (owner occ), 3-$880, 4-$760, 5-$750, 6-$670, 7-$900, 8-$775, 9-$785.
Documents and Related Links  
1) Financials
2) Additional Details
3) Addendum S
4) Floor Plans
5) RECR - Johnson
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  East On Johnson Street Located On The Left. Corner Intersection Of E Johnson, Butler And Hamilton St
    • BUILDING INFO  
  • Number of Units  9
  • Year Built  1900
  • # Furnaces  1
  • Heating Type  Rad Elec
  • Heating Fuel  Nat Gas
  • # Water Heaters  2
  • # Water Softeners  1
  • # Stoves  9
  • # Refrigerators  9
  • # Dish Washers  0
  • # Washers  1
  • # Dryers  1
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  7
  • Number of 1 Bedrooms  2
  • Number of 2 Bedrooms  0
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  2018
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  East
  • Middle  OKeeffe
  • Elementary  Lapham/Marquette
  • Land Assessment  $145,000
  • Improvements  $690,000
  • Total Assessment  $835,000
  • Net Taxes  $17,965
  • Assessment Year  2018
  • Tax Year  2018
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  DR1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.12
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  
  • Unit 2  
  • Unit 3  
  • Unit 4  
    • 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 8/14/2020 $685 323 None Yes Yes Yes
    2 1 1 0 8/14/2020 $880 324 None Yes Yes Yes
    3 0 1 0 8/14/2020 $760 273 None Yes Yes Yes
    4 0 1 0 8/14/2020 $785 304 1 Space Yes Yes Yes
    Items Included 9 Refrigerators, 9 oven/range, All Window Blinds, Water Softener, Washer/Dryer
    Items Excluded  Seller/Tenant's personal property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Walkout
    • EXTERIOR FEATURES  
  • Type   Apartment building
  • Parking per Unit  Outside
  • Barrier-free Features  
  • Exterior  Brick, Stone
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  
  • Legal Documents  Condition report on file, Income/Exp Report Avail, Lease(s) on file
  • Miscellaneous  Close to bus line, Shared laundry, Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Re/Max Preferred