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Additional details

WI Paragon

adam@bluecompassteam.com +1(920) 247-0404

Listed by EXIT Realty HGM

$ 900,000

Est. payment -/mo

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124 N Franklin Street Madison, WI 53703

8 Beds

3 Baths

2,697 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 flat-up and down

Listing Status Active

Purchase Type For Sale

Square Footage 2,697 sqft

Price per Sqft $333

MLS Listing ID 2023681

Bedrooms 8

Full Baths 3

Year Built 1882

Annual Tax Amount $14,248

Tax Year 2025

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type 2 flat-up and down

Property Description

Rarely do you find a 2-flat with this much size, income, and upside all in one package! Located right next to James Madison Park, this 8-bedroom property is already generating over $7,100/month with potential to push rents beyond $8,200/month. The oversized units, off-street parking, unbeatable location, and classic charm make these apartments incredibly easy to rent year after year. Well maintained with a newer boiler already installed, this is the kind of investment property that checks every box! Strong cash flow today with even more room to grow tomorrow. Even better, this property is part of the 120-126 N Franklin st Portfolio. A rare side-by-side 27 bedroom opportunity at an attractive price offering significant development potential.

Location

State WI

County Dane

Area Madison - C E01

Zoning DR1

Direction .

Rooms

Basement Full, Unfinished

Interior

Heating Other

Inclusions All appliances, washing machines, dryers, water heaters, water softeners, window coverings

Heat Source Natural Gas

Exterior

Parking Features Shared

Building

Water Municipal sewer, Municipal water

Structure Type Vinyl

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison