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125-127 N Franklin St,  Madison,  WI  53703 $529,900 Sold
125-127 N Franklin St,  Madison,  WI  53703
$529,900
Sold
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 Property Type Multi Family
 Parcel # 0709-133-1423-6
 County Dane
 Sub Area E01
 Municipality Madison
 MLS# 1948121
 Listing Date 12/21/2022
 Sold Price $524,000
 Close Date 02/22/2023 12:00 AM

MLS Public Remarks  Location! Location!! Location!!! Excellent opportunity to own a downtown residential investment property; 2 blocks to James Madison Park, 2 blocks to Lake Mendota on the Northwest of the house; 2 blocks to Capitol Square on the southwest; completed the remodeling in the attic in 2015 to have created the 3rd unit of 778 sqft; It is currently owner occupied. Long term tenants in Units 125 & 127; Beautiful hardwood floors in all units; Upgrades include furnace 2018, water heater 2020, water softener 2021, Unit 127 fridge 2021, Unit 3 fridge 2021. Roof 2012; The coined washer and dryer currently in use are owned by JETZ Service; income split 50/50 between JETZ and the landlord; Unit 125 became vacant in Dec. Seller intends to leave it vacant for easy showing.
Documents and Related Links  
1) Addendum S
2) RECR
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Two Blocks East Of Capital Square, Turn North On E Washington Ave To The Street
    • BUILDING INFO  
  • Number of Units  3
  • Year Built  1904
  • # Furnaces  1
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  1
  • # Water Softeners  1
  • # Stoves  3
  • # Refrigerators  3
  • # 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  3
  • Number of 3+ Bedrooms  0
    • 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  $139,100
  • Improvements  $327,000
  • Total Assessment  $466,100
  • Net Taxes  $915,119
  • Assessment Year  2022
  • Tax Year  2022
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  downtown R
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.1
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Balcony/patio, Den/office, Dining room, Pantry, Range/oven, Refrigerator, Shared Basement, Wood or sim. wood floor
  • Unit 2  Balcony/patio, Den/office, Dining room, Range/oven, Refrigerator, Shared Basement, Wood or sim. wood floor
  • Unit 3  Den/office, Eat-in kitchen, Refrigerator, Shared Basement
  • Unit 4  
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 2 1 0 Vacant $0 1,344 1 Space No Yes Yes
    2 2 1 0 M to M $1700 1,344 1 Space No Yes Yes
    3 2 1 0 Owner Occp $0 778 1 Space - - -
    4 0 0 0 - $0 0 - - - -
    Items Included refrigerator (3), range/Oven (3), microwave (3), Water softener(1), one washer and one dryer not in use, could be left for the buyer;
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Block Foundation, Full
    • EXTERIOR FEATURES  
  • Type   2 flat
  • Parking per Unit  2 spaces
  • Barrier-free Features  
  • Exterior  Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit
  • Legal Documents  Condition report on file, Joint driveway agreement
  • Miscellaneous  Close to bus line, Shared laundry, Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Tri-River Realty