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149 E Gilman St,  Madison,  WI  53703 $787,500 Sold
149 E Gilman St,  Madison,  WI  53703
$787,500
Sold
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 Property Type Multi Family
 Parcel # 070914404044
 County Dane
 Sub Area W01
 Municipality Madison
 MLS# 1900392
 Listing Date 01/11/2021
 Sold Price $765,000
 Close Date 03/15/2021 12:00 AM

MLS Public Remarks  Beautiful 4 unit building situated on Mansion Hill in downtown Madison. Amazing views of Lake Mendota and James Madison park! Easy access to downtown, UW campus and State Street shopping. One block off the bus line and just steps from amazing walking and biking trails originating across the street at the lake front park. Perfect opportunity for a first time investor or a seasoned veteran looking to build their portfolio. Cash flow out the door! Many new upgrades including refinished hardwood flooring, updated tiled bathrooms and much much more. One apartment left open after remodeling to accommodate the opportunity for an owner occupancy if needed. This building is in great condition with a new electric panel, water heater, roof and it's exterior was painted this summer. MUST SEE!!
Documents and Related Links  
* 2 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Wisconsin Avenue To East Gilman Street Across From James Madison Park And The Verex Plaza Office Building
    • BUILDING INFO  
  • Number of Units  4
  • Year Built  1908
  • # Furnaces  1
  • Heating Type  Rad Elec
  • Heating Fuel  Nat Gas
  • # Water Heaters  1
  • # Water Softeners  1
  • # Stoves  4
  • # Refrigerators  4
  • # Dish Washers  1
  • # 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  2
  • Number of 3+ Bedrooms  2
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  East
  • Middle  OKeeffe
  • Elementary  Lapham/Marquette
  • Land Assessment  $143,800
  • Improvements  $409,200
  • Total Assessment  $553,000
  • Net Taxes  $12,345
  • Assessment Year  2020
  • Tax Year  2020
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  DR1,HIS-MH
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.13
  • 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 3 1 0 Open $1850 4,175 Street Yes Yes Yes
    2 2 2 0 8/14/2022 $1350 1,000 Street Yes Yes Yes
    3 3 1 0 8/14/2022 $1815 0 - Yes Yes Yes
    4 2 1 0 8/14/2022 $1315 0 - Yes Yes Yes
    Items Included 4 fridges, 4 ovens/stoves, dishwasher, washer, dryer, water softener
    Items Excluded  Tenants personal property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Full Size Windows/Exposed, Partially finished
    • EXTERIOR FEATURES  
  • Type   3 story
  • Parking per Unit  None
  • Barrier-free Features  
  • Exterior  Brick, Stucco
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  
  • Legal Documents  
  • Miscellaneous  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Madcity Management, Llc