512 South Mills Street

Madison, WI 53715

$519,900
Price
4
Beds
2
Baths
1,632 Sq. Ft.
$319 / Sq. Ft.
1,632
Sq. Ft.
$319
per Sq. Ft.

Description

Vilas area 2 unit apartment rental property for sale located near the intersection of S. Mills St. & Drake St. Unit #512 1,024 sq.ft with 2 bedrooms + den, 1 full bath, a screened front porch, basement access with laundry, dining area, living room and is leased out at $1,695/month until 8/14/2025. Unit #512.5 is 608 sq.ft located on the second floor with 2 bedrooms, 1 full bath, living room, dining area and is leased out at $1,625/month until 8/14/2025. Walking distance to UW Madison, Vilas Zoo,...Vilas area 2 unit apartment rental property for sale located near the intersection of S. Mills St. & Drake St. Unit #512 1,024 sq.ft with 2 bedrooms + den, 1 full bath, a screened front porch, basement access with laundry, dining area, living room and is leased out at $1,695/month until 8/14/2025. Unit #512.5 is 608 sq.ft located on the second floor with 2 bedrooms, 1 full bath, living room, dining area and is leased out at $1,625/month until 8/14/2025. Walking distance to UW Madison, Vilas Zoo, Arboretum, Camp Randall Stadium & Lake Monona. A buyer could also owner occupy when lease expires.
  1. Listed by Jim Stopple • Madison Property Management, Inc.
  2. Listed by Tony Xiong • Madison Property Management, Inc.

Property Details for 512 South Mills Street

Zoning
TRC3
LISTING UPDATED: 10/28/2024 03:44 PM

Property Details for 512 South Mills Street

StatusActive
MLS #1988238
Days on Market60
Taxes$7,519 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2 story
Year Built1930
Lot Size0.11 AC / 4,791 SF
CountyDane County

Building Information for 512 South Mills Street

Stories-Residences2Year Built1930Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 512 South Mills Street

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: West Metro Madison
  • Directions: S. Mills St.
  • Location: MADISON - C W14
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53715
Parking
  • Park/Unit: Detached, Outside
  • Parking Spaces Outside: 0
  • Parking Stalls Inside: 0
School Information
  • Elementary: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison
Taxes and HOA Information
  • Net Taxes: $7,519.00
  • Parcel ID: 0709-224-3938-0
  • Tax Year: 2023
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 308800
  • Land Assess: $136,500.00
  • Miscellaneous: Close to bus line
  • Total Assess: $445,300.00
  • Total Assess Year: 2024
  • Type: 2 story
  • Year Built: 1930
Lot Information
  • Estimated Total Acres: 0.11
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl, Aluminum/Steel
Interior Features
  • Items Included: furnace, water heater, 2 stoves, 2 fridges
  • Items Excluded: tenant's person property.
  • Number of Dish Washers: 0
  • Number of Dryers: 1
  • Number of Furnaces: 1
  • Number of Stoves: 2
  • Number of Refrigerators: 2
  • Number of Washers: 1
  • Number of Water Heaters: 1
  • Number of Water Softeners: 1
  • Basement: Full
  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 0
  • Number of 2 Bedrooms: 2
  • Number of 3+ Bedrooms: 0
Multi Family
Unit Information
  • Number of Units w/AC: 0
  • Number of Units: 2
Income & Expenses Information
  • Net Operating Income Year: 2024
  • Total Income: $39,840
Unit 1
  • U1 Landlord Pays Heat: Yes
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: Family/Rec rm,Dining room,Den/office,Balcony/patio,Range/oven,Refrigerator,Washer/dryer,Individual heat control,Private basement
  • U1 Parking: Street
  • U1 Number of Bedrooms: 2
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 1024
  • Unit 1 Dining Room Level: M
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Other Room Level: M
  • Unit 1 Bedroom 2 Level: M
  • Unit 1 Bedroom 2 Dimensions: 9x9
  • Unit 1 Dining Room Dimensions: 9x13
  • Unit 1 Kitchen Dimensions: 10x10
  • Unit 1 Living/Great Room Dimensions: 12x13
  • Unit 1 Primary BedRoom Dimensions: 11x9
  • Unit 1 Other Room Dimensions: 14x8
  • Unit 1 Other Room: Den/Office
Unit 2
  • U2 Landlord Pays Heat: Yes
  • U2 Landlord Pays Electric: Yes
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: Family/Rec rm,Dining room,Eat-in kitchen,Range/oven,Refrigerator
  • U2 Parking: Street
  • U2 Number of Bedrooms: 2
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 608

Property History for 512 South Mills Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 512 South Mills Street

Taxable ValueLand$105,000Additions$311,200Total$416,200
Tax Record2022$7,552 ($629 / month)
Home Facts
Baths2Total Finished SqFt1,768 SqFtAbove Grade Finished SqFt1,632 SqFtFinished Basement SqFt136 SqFtStories2Lot Size4,884 SqFtStyleDuplexYear Built1930Year Renovated1965ZoningTR-C3CountyDANEAPN0709-224-3938-0

Schools near 512 South Mills 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 - 6 to 8
Rating
School
Distance
Franklin Elementary School
PublicPK to 2

Hamilton Middle School
Public6 to 8

West High School
Public9 to 12

James Wright Middle School
Public6 to 8

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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512 South Mills Street is a multi-family home for sale in Madison, WI 53715. This property was listed for sale on October 22, 2024 by Madison Property Management, Inc., it's currently listed at $519,900. This listing's school district is Madison Metropolitan School District. Nearby schools include Franklin Elementary School, Hamilton Middle School and West High School. 512 South Mills Street is a 4-bed, 2-bath, 1,632 sqft multi-family home built in 1930.

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 10/28/2024 03:44 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