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736 E Johnson Street,  Madison,  WI  53703 $700,000 Active
736 E Johnson Street,  Madison,  WI  53703
$700,000
Active
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 Property Type Multi Family
 Parcel # 0709-132-1423-8
 County Dane
 Sub Area E01
 Municipality Madison
 MLS# 1974041
 Listing Date 03/29/2024

MLS Public Remarks  VRP $700,000-$740,000 unit rental in the heart of the Isthmus, (2 bedroom & 4 Efficiencies) Unit #5 $960 leased until 8-14-25. Excellent rental property with strong financial and lease history. Seller has updated almost all the windows along with electric panel and water heater, boiler serviced regularly. Roof has been replaced while Seller has owned the property. Some minor updates are still needed, Seller has a few items in process. Nice sized back yard offers room for tenants to BBQ or have a fire pit. Neighborhood is seeing lots of redevelopment between East Wash & Johnson St. This site would be perfect for future redevelopment with lot size and or acquiring adjacent property.
Documents and Related Links  
1) RECR
2) Addendum S
3) Rent Roll
4) Current Rent Roll
5) Joint Driveway Agreement
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Johnson St, Between Blount & Livingston.
    • BUILDING INFO  
  • Number of Units  5
  • Year Built  1885
  • # Furnaces  1
  • Heating Type  Rad Elec
  • Heating Fuel  Nat Gas
  • # Water Heaters  1
  • # Water Softeners  1
  • # Stoves  5
  • # Refrigerators  5
  • # Dish Washers  0
  • # Washers  0
  • # Dryers  0
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  4
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  1
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  13515
  • Net Operating Inc  51105
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  East
  • Middle  OKeeffe
  • Elementary  Lapham/Marquette
  • Land Assessment  $80,000
  • Improvements  $320,000
  • Total Assessment  $400,000
  • Net Taxes  $7,223
  • Assessment Year  2023
  • Tax Year  2023
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  R5
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.1
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Balcony/patio, Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator, Shared Basement, Wood or sim. wood floor
  • Unit 2  Balcony/patio, Range/oven, Refrigerator, Wood or sim. wood floor
  • Unit 3  Balcony/patio, Range/oven, Refrigerator, Wood or sim. wood floor
  • Unit 4  Range/oven, Refrigerator, Wood or sim. wood floor
    • 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 8/14/25 $1550 836 Street Yes Yes Yes
    2 0 1 0 7/31/24 $925 300 Street Yes Yes Yes
    3 0 1 0 7/31/25 $1020 300 Street Yes Yes Yes
    4 0 1 0 7/31/24 $930 300 Street Yes Yes Yes
    Items Included 5 stoves, 5 refrigerators
    Items Excluded  Tenants property, water softener is a rental
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  None
    • EXTERIOR FEATURES  
  • Type   Apartment building
  • Parking per Unit  Outside
  • Barrier-free Features  
  • Exterior  Other, Wood
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  
  • Legal Documents  Condition report on file, Joint driveway agreement, Lease(s) on file
  • Miscellaneous  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Restaino & Associates Era Powered