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406-408-408 1/2 S Mills St,  Madison,  WI  53715 $967,000 Expired
406-408-408 1/2 S Mills St,  Madison,  WI  53715
$967,000
Expired
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 Property Type Multi Family
 Parcel # 070922433051
 County Dane
 Sub Area W14
 Municipality Madison
 MLS# 1892464
 Listing Date 09/01/2020

MLS Public Remarks  Excellent investment opportunity, income property For Sale in Downtown Madison with two buildings on one parcel. Land contains 3 unit apartment flat with separate 2 bedroom home in rear. The location allows for unprecedented rental retention rates being right near both UW and Edgewood Campuses. With leases secured through August, 2021, this opportunity is hard to beat. All windows are new as of 2008 and have a Lifetime, Transferable Warranty on parts and glass failures. This has proved extremely beneficial considering age of windows in similarly located houses flats.
Documents and Related Links  
* 4 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Heading East On Regent Street From Monroe Street, Right On S. Mills Street, 400 Block On Your Right
    • BUILDING INFO  
  • Number of Units  4
  • Year Built  1920
  • # Furnaces  1
  • Heating Type  Steam
  • Heating Fuel  Nat Gas
  • # Water Heaters  2
  • # Water Softeners  0
  • # Stoves  4
  • # Refrigerators  4
  • # Dish Washers  0
  • # Washers  1
  • # Dryers  1
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  1
  • Number of 3+ Bedrooms  3
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  32431
  • Net Operating Inc  36628
  • Year  2019
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  West
  • Middle  Hamilton
  • Elementary  Franklin/Randall
  • Land Assessment  $71,000
  • Improvements  $744,000
  • Total Assessment  $815,000
  • Net Taxes  $17,424
  • Assessment Year  2020
  • Tax Year  2019
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  TR-C3
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.14
  • Source for Est. Total Acres  LAgnt
    • 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 3 1 0 08/12/2021 $1550 1,056 1 Space No Yes Yes
    2 3 1 0 08/12/2021 $1495 1,056 1 Space No Yes Yes
    3 3 1 0 08/12/2021 $1550 1,056 1 Space No Yes Yes
    4 2 1 0 08/12/2021 $1095 768 2 Space No No No
    Items Included All appliances, fixtures
    Items Excluded  Tenant's Personal Property, Owners Personal Property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Other Foundation, Poured Concrete Foundation
    • EXTERIOR FEATURES  
  • Type   2 houses on 1 lot, 3 story, Apartment building
  • Parking per Unit  Outside
  • Barrier-free Features  
  • Exterior  Vinyl, Wood
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  
  • Legal Documents  Income/Exp Report Avail, Lease(s) on file
  • Miscellaneous  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Bruner Realty & Management