101-109 North Franklin Street

Madison, WI 53703

$2,900,000
Price
Studio
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

4 unique multi-family apartment buildings are three blocks from James Madison Park on Lake Mendota, 1 block from the very active East Washington Avenue and 5 blocks from the Capitol Square. 510 E. Mifflin St. is a 4-unit rental which has beautiful architecture/woodwork. 103/105 N. Franklin St. is a 3-unit rental that was intentionally left vacant because of the need for restructuring of the front/back porches. Seller will provide Buyer with a $150,000 credit against the purchase price to redo the...4 unique multi-family apartment buildings are three blocks from James Madison Park on Lake Mendota, 1 block from the very active East Washington Avenue and 5 blocks from the Capitol Square. 510 E. Mifflin St. is a 4-unit rental which has beautiful architecture/woodwork. 103/105 N. Franklin St. is a 3-unit rental that was intentionally left vacant because of the need for restructuring of the front/back porches. Seller will provide Buyer with a $150,000 credit against the purchase price to redo the porches and repair basement water issue. 101 N. Franklin St. is a single-family rental with 3 beds & 1 bath. 107-109 N. Franklin St. is a 2-unit rental. This block is Zoned as Planned Development so someone could put up a four-story building on 1 or more of these parcels subject to city approval.
  1. Listed by Jim Stopple • Madison Property Management, Inc.
  2. Listed by Tony Xiong • Madison Property Management, Inc.

Property Details for 101-109 North Franklin Street

Zoning
PD
LISTING UPDATED: 09/10/2024 07:43 PM

Property Details for 101-109 North Franklin Street

StatusActive
MLS #1984599
Days on Market41
Taxes$40,176 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment building
Year Built999
CountyDane County

Building Information for 101-109 North Franklin Street

Building/Complex101-109 N Franklin StFloor-Stories-Residences10Pet Policy-Year Built999Building Size-

Property Information for 101-109 North Franklin Street

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: East Metro Madison
  • Directions: Corner lot, intersection of N. Franklin St. & E. Mifflin St.
  • Location: MADISON - C E01
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53703
Parking
  • Park/Unit: Outside
  • Parking Spaces Outside: 5
  • Parking Stalls Inside: 0
School Information
  • Elementary: Call School District
  • High School: Call School District
  • Middle School: Call School District
  • School District: Madison
Taxes and HOA Information
  • Net Taxes: $40,176.00
  • Parcel ID: 070913314319
  • Tax Year: 2023
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 1963500
  • Land Assess: $449,700.00
  • Miscellaneous: Close to bus line
  • Total Assess: $2,413,200.00
  • Total Assess Year: 2024
  • Type: Apartment building, Other
  • Year Built: 999
Lot Information
  • Estimated Total Acres: 0.302
  • Source of Est. Acres: Assessor
  • Source of Year Built: Other
Utilities
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Other
Interior Features
  • Items Included: 11 water heaters, 3 AC wall units, 10 stoves, 10 fridges, 8 dish washers, 3 washers, 3 dryers, ___ furnaces
  • Items Excluded: Seller/Tenant's personal property and any leased equipment or leased Washers & Dryers
  • Number of Dish Washers: 8
  • Number of Dryers: 3
  • Number of Furnaces: 5
  • Number of Stoves: 10
  • Number of Refrigerators: 10
  • Number of Washers: 3
  • Number of Water Heaters: 11
  • Number of Water Softeners: 2
  • Basement: Other foundation
  • Heating Fuel: Other
  • Heating Type: Other
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 1
  • Number of 2 Bedrooms: 4
  • Number of 3+ Bedrooms: 5
Multi Family
Unit Information
  • Number of Units w/AC: 3
  • Number of Units: 10
Income & Expenses Information
  • Total Income: $241,980
Unit 1
  • U1 Landlord Pays Heat: No
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: No
  • Unit 1: See leases
  • U1 Parking: Street
  • U1 Number of Bedrooms: 0
  • U1 Full Baths: 0
  • U1 Half Baths: 0
  • U1 SqFt: 0
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Kitchen Dimensions: 0x0
  • Unit 1 Living/Great Room Dimensions: 0x0
  • Unit 1 Primary BedRoom Dimensions: 0x0
Unit 2
  • U2 Landlord Pays Heat: No
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: No
  • Unit 2: see leases
  • U2 Parking: Street
  • U2 Number of Bedrooms: 0
  • U2 Full Baths: 0
  • U2 Half Baths: 0
  • U2 SqFt: 0

Property History for 101-109 North Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 101-109 North Franklin Street

This home is within Madison Metropolitan School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Public - 4 to 12
Rating
School
Distance
Lapham Elementary School
PublicPK to 2

O'keeffe Middle School
Public6 to 8

East High School
Public9 to 12

Metro School
Public4 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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101-109 North Franklin Street is a multi-family home for sale in Madison, WI 53703. This property was listed for sale on August 27, 2024 by Madison Property Management, Inc., it's currently listed at $2,900,000. This listing's school district is Madison Metropolitan School District. Nearby schools include Lapham Elementary School, O'keeffe Middle School and East High School. 101-109 North Franklin Street is a 0-bed, 0-bath, multi-family home built in 999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Madison Property Management, Inc.

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 09/10/2024 07:43 PM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2024 – WiREx. – All Rights Reserved