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238 E Madison Avenue,  Milton,  WI  53563 $350,000 Sold
238 E Madison Avenue,  Milton,  WI  53563
$350,000
Sold
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 Property Type Business/Commercial
 Parcel # 25708200703
 County Rock
 Sub Area P19
 Municipality Milton
 MLS# 1948694
 Listing Date 01/10/2023
 Sold Price $350,000
 Close Date 11/29/2023 12:00 AM

MLS Public Remarks  Great investment potential within this mixed use R3 property. 15,387 square feet finished building w/approx age of original structure in 1900. Age of additions are 1986 and 1992. 4 units; one is a 2030 sq ft, 4 bedroom, 2 bath home/apartment, another is a 1599 sq ft, 3 bedroom 1 bath apartment (currently leased), the third is a 4172 sq ft daycare area (currently leased), and the fourth is a 8754 sq ft, 15 room CBRF (Community Based Residential Facility) that is ready to lease and operate. P&L, rent roll and past appraisal on file once a NDA is signed. Great location in Milton with numerous opportunities. All ages and square feet are approximate. Buyer may have an inspection for piece of mind, however due to the short sale the seller will not be able to perform any repairs.
Documents and Related Links  
1) Building map
2) Sprinkler plan
3) Assessor's Plat
4) CSM #1147489
5) CSM #1876672
6) Easement #1903459
7) Easement #807613
8) Easement #809045
9) Green's Northside Addition
10) Parcel Map
11) Search and Hold report
12) NDA
13) GIS Map
14) Seller Disclosure
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Milton
  • C/T/V  City
  • Unit #  
  • Directions  East Madison Ave
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $7
  • Total Units/Bldg  4
  • Building Gross SqFt  17,279
  • Net Leasable SqFt  15,387
  • Year Built  999
  • Source for Year Built  Othr
  • Approx Bldg Dimen  0x0
  • Street Frontage  128
  • Parking Fees/Mo.  $0
  • Onsite Parking  15
  • # of Stories  2
  • Ceiling Height Min  0
  • Ceiling Height Max  0
  • Number of Loading Docks  0
  • Zoning  R3
  • Est. Total Acres  0.74
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $58,900
  • Assessment Year  2022
  • Net Taxes  $17,757
  • Tax Year  2022
  • Improvements  $677,300
  • Total Assessment  $736,200
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Gross/Dayc Mo-Mo 0 $30,000 $7 $0 4,174
    2 Gross/4bdr Mo-Mo 0 $14,400 $7 $0 2,030
    3 Gross/3bdr Mo-Mo 0 $9,000 $6 $0 1,599
    Items Included See Inventory List. All assets withing the property are included in the sale other than any work related computers and tenant property.
    Items Excluded  Tenant and Seller personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured concrete foundatn, Walkout/Outside entrance
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   CBRF, Day care
  • Exterior Treatment  Vinyl, Wood
  • Building Parking  11-20 spaces
  • Roofing  Composition
  • Terms/Option  Short sale
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Blue prints, Certified survey map, Lease(s), P & L statement, Property Condition Report
  • Location  Residential area
  • Tenant Pays  Insurance
  • Present Use  Apartment building, CBRF, Day care, Living quarters
  • Licenses  
  • Lease Type  Mixed lease types, Month to month, Multiple years
  • Occupied by  Tenant(s), Vacant
  • Sale Includes  Easements, Lease(s)
  • Features  Freight elevator, Internal sprinkler, Private Restrooms, Private office(s), Reception area, Residential unit(s), Shared Restrooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Briggs Realty Group, Inc