Property Description for 125-127 N Franklin St, Madison, WI 53703
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.
- Number of Units: 3
- Type of Rental: 2 flat
- Year Built: 1904
- Taxes: $915,119
- Tax Year: 2022
- County: Dane
- Elementary School: Lapham/Marquette
- Middle School: OKeeffe
- High School: East
- MLS Number: 1948121
Unit 1
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 1,344
Unit 2
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 1,344
Unit 3
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 778
