MLS Public Remarks Fantastic opportunity to own an income generating property in ideal downtown Madison location. 12 bedroom rooming house on Wisconsin Ave. Seller has had a very steady rental history with flexible lease terms. Each floor offers full shared bath and each unit includes a refrigerator with a shared kitchen and family room. Very close to everything downtown - State Capitol, State Street, Lake Mendota, and University. See MLS# 10910665, 1910669, 1901678 for full portfolio.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Johnson To North On Wisconsin
Number of Units 12
Year Built 1904
# Furnaces 2
Heating Type 1 Other
Heating Fuel Nat Gas
# Water Heaters 1
# Water Softeners 1
# Stoves 2
# Refrigerators 12
# Dish Washers 0
# Washers 1
# Dryers 1
# Units w/AC 12
Number of Efficiencies 12
Number of 1 Bedrooms 0
Number of 2 Bedrooms 0
Number of 3+ Bedrooms 0
Total Income 0
Total Expenses 25979
Net Operating Inc 33312
Year 2020
School District Madison
High School East
Middle OKeeffe
Elementary Lapham/Marquette
Land Assessment $120,000
Improvements $370,000
Total Assessment $490,000
Net Taxes $10,436
Assessment Year 2021
Tax Year 2020
Owner
Zoning DR1,HIS-MH
Subdivision
Name of Lake/River
Est. Total Acres 0.08
Source for Est. Total Acres PubR
Unit 1
Unit 2
Unit 3
Unit 4
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Landlord Pays |
Unit |
Bedrooms |
Full Baths |
Half Baths |
Lease Expiration Date |
Month Rent |
Fin Sq.Ft |
Parking |
Elec |
Heat |
W/S |
1 |
4 |
1 |
0 |
see docs |
$2150 |
1,507 |
None |
Yes |
Yes |
Yes |
2 |
5 |
1 |
0 |
see docs |
$2500 |
1,507 |
None |
Yes |
Yes |
Yes |
3 |
3 |
1 |
0 |
see docs |
$1475 |
851 |
- |
- |
- |
- |
4 |
0 |
0 |
0 |
- |
$0 |
0 |
- |
- |
- |
- |
Items Included all refrigerators (10 full size, 2 mini fridges), oven/ranges, window coverings, window A/C units, bedroom furniture
Items Excluded sellers'/tenant's personal belongings
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full, Other Foundation
Type 3 story
Parking per Unit None
Barrier-free Features
Exterior Wood
Waterfront
Terms
Utilities
Legal Documents
Miscellaneous Shared laundry
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Sprinkman Real Estate