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.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions Johnson St, Between Blount & Livingston.
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
Number of Efficiencies 4
Number of 1 Bedrooms 0
Number of 2 Bedrooms 1
Number of 3+ Bedrooms 0
Total Income 0
Total Expenses 13515
Net Operating Inc 51105
Year
School District Madison
High School East
Middle OKeeffe
Elementary Lapham/Marquette
Land Assessment $88,000
Improvements $352,000
Total Assessment $440,000
Net Taxes $7,223
Assessment Year 2024
Tax Year 2023
Owner
Zoning R5
Subdivision
Name of Lake/River
Est. Total Acres 0.1
Source for Est. Total Acres PubR
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
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement None
Type Apartment building
Parking per Unit Outside
Barrier-free Features
Exterior Other, Wood
Waterfront
Terms
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