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120-126 N Franklin St,  Madison,  WI  53703 $2,170,000 Sold
120-126 N Franklin St,  Madison,  WI  53703
$2,170,000
Sold
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 Property Type Multi Family
 Parcel # 070913321257
 County Dane
 Sub Area E01
 Municipality Madison
 MLS# 1950000
 Listing Date 02/09/2023
 Sold Price $2,170,000
 Close Date 04/14/2023 12:00 AM

MLS Public Remarks  THREE BUILDINGS!!! 6 Units, 26 Bedrooms, 12 Bathrooms, 11 Parking Spaces. These three adjacent investment properties are fully updated with in unit laundry, updated kitchens/baths, ample parking and located only steps from James Madison park, the capitol square, UW campus and more! All apartments are professionally managed and leased through 8/14/2024! Fall 2023 signed annual rent roll is over $217K. Two year average actual operating expenses of $82K. Budgeted NOI on signed rent roll is over $130K.
Documents and Related Links  
1) RECR - 120-122 N Franklin
2) RECR - 124 N Franklin
3) RECR - 126 N Franklin
4) Add S - 120-126 N Franklin
5) Marketing Packet - 120-126 N Franklin St
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  East On East Washington And Left On N Franklin St
    • BUILDING INFO  
  • Number of Units  6
  • Year Built  1909
  • # Furnaces  3
  • Heating Type  1 Other
  • Heating Fuel  Nat Gas
  • # Water Heaters  3
  • # Water Softeners  3
  • # Stoves  6
  • # Refrigerators  6
  • # Dish Washers  6
  • # Washers  6
  • # Dryers  6
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  0
  • Number of 3+ Bedrooms  6
    • 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  $333,000
  • Improvements  $1,144,500
  • Total Assessment  $1,477,500
  • Net Taxes  $29,037
  • Assessment Year  2022
  • Tax Year  2022
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  DR1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.22
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  In-unit laundry
  • Unit 2  In-unit laundry
  • Unit 3  In-unit laundry
  • Unit 4  In-unit laundry
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 4 2 0 8/14/2024 $2950 1,522 2 Space No Yes Yes
    2 4 2 0 8/14/2024 $2950 1,522 2 Space No Yes Yes
    3 6 3 0 8/14/2024 $3795 2,317 2 Space No Yes Yes
    4 3 1 0 8/14/2024 $2250 1,110 1 Space Yes Yes Yes
    Items Included All appliances, HVAC, washing machines, dryers, water heaters, water softeners, window coverings
    Items Excluded  Seller's and Tenant's personal property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full
    • EXTERIOR FEATURES  
  • Type   Apartment building
  • Parking per Unit  Outside
  • Barrier-free Features  
  • Exterior  Other
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  
  • Legal Documents  Condition report on file, Income/Exp Report Avail, Lease(s) on file
  • Miscellaneous  Close to bus line, Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of The Hub Realty