736 E Johnson St

Madison, WI 53703 View Map $700,000 Schedule a Tour
Acres0.1
Year1885
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Matt Hoppe

Matt Hoppe

(414) 405-2004
Mortgage Loan Officer

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Status: Active
Property Type:Apartment Building
MLS #:1974041
On Site:45 Days
Lot Size:0.1 Acres
County:Dane

Listing Office

Office:Restaino & Associates Era Powered
Broker Phone:608-474-0306
VRP $700,000-$740,000 unit rental in the heart of the Isthmus, (2 bedroom & 4 Efficiencies) Unit #5 $960 leased until 8-14-25. Excellent rental property with strong financial and lease history. Seller has updated almost all the windows along with electric panel and water heater, boiler serviced regularly. Roof has been replaced while Seller has owned the property. Some minor updates are still needed, Seller has a few items in process. Nice sized back yard offers room for tenants to BBQ or have a fire pit. Neighborhood is seeing lots of redevelopment between East Wash & Johnson St. This site would be perfect for future redevelopment with lot size and or acquiring adjacent property.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
5/3/2024$740,000$700,000-5.4%

Community Information

Address:736 E Johnson St, Madison, WI 53703
County:Dane
City:Madison
Zip Code:53703

School Information

School System:Madison
High School:East
Middle School:OKeeffe
Elementary School:Lapham/Marquette

Architecture

Year Built:1885
Exterior: Wood
Construction Type: Apartment building
Unit 1 Bedrooms: 2
Unit 1 Bathrooms: 1 Full
Unit 1 Sq. Ft.: 836
Unit 1 Parking Places: Street
Unit 2 Bathrooms: 1 Full
Unit 2 Sq. Ft.: 300
Unit 2 Parking Places: Street
Unit 3 Bathrooms: 1 Full
Unit 3 Sq. Ft.: 300
Unit 3 Parking Places: Street
Unit 4 Bathrooms: 1 Full
Unit 4 Sq. Ft.: 300
Unit 4 Parking Places: Street
Parking per Unit: Outside

Features / Amenities

Heating: Radiant
Fuel: Natural Gas

Property Features

Lot Size: 0.1 Acres
Water / Waste: Municipal sewer, Municipal water
Zoning:R5
Directions:Johnson St, between Blount & Livingston.

Tax and Financial Info

Tax Year: 2023
Net Taxes: $7,223
Total Assess: $440,000 / 2024
Unit 1 Rent: $1,550 / month
Unit 2 Rent: $925 / month
Unit 3 Rent: $1,020 / month
Unit 4 Rent: $1,020 / month
Total Income: $64,620
Total Expenses: $13,515
Net Income: $51,105
Legal Documents: Condition report on file, Joint driveway agreement, Lease(s) on file

Schools

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736 E Johnson St Madison,  WI 53703
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736 E Johnson St Madison, WI 53703
 
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Listing Information Last Updated 5/19/2024
Copyright 2024 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify perspective properties consumers may be interested in purchasing. This information, provided by seller, listing broker, and other parties, may not have been verified.