Property Description for 152 E Johnson St, Madison, WI 53703
No showings until 7/25. Wonderful 9-unit building located two blocks off the Capitol Square! Building consists of 7 studio apts, two 1-bedroom apts & 5 off-street parking stalls. Solid floor plans w/easy marketability, strong rental history & many long term tenants. Property has historically been leased on traditional 12-mo terms but other great possibilities for short term rental, bed & breakfast or redevelopment (confirm w/city). Property is under-rented. LA estimates market gross revenue to be $90K-$100K annually. Monthly rents beginning Aug 2020: 1-$685, 2-$0 (owner occ), 3-$880, 4-$760, 5-$750, 6-$670, 7-$900, 8-$775, 9-$785.
- Present Use: Apartment building
- Total Operating Expense: $0
- Gross Sales: $0
- Location: Corner, Free standing, Near public transportatn, Residential area
- Taxes: $17,965
- County: Dane
- Zoning: DR1
- Net Leasable SqFt: 4,026
- MLS Number: 1863564
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