107 Franklin StMadison, WI 53703

  • Hospitality properties
For Sale
$519,840 View listing

Property Details for 107 Franklin St

Property type
Hospitality properties
Property subtype
Multifamily properties

Description

This exceptional investment opportunity presents a two-unit apartment building ideally situated in downtown Madison, Wisconsin. Located just five blocks from the State Capitol, near the intersection of North Franklin and East Mifflin Streets, this property boasts a prime location for student renters. The building comprises two stories and sits on a 2,750 square foot lot, zoned PD. The property includes on-site parking in an adjacent driveway. Unit #1, a spacious 1,340 square foot apartment, features three bedrooms and one full bathroom. It is currently leased at $1,775 per month until August 14, 2025, and then increases to $1,895 per month until August 14, 2026. Unit #2 offers 1,080 square feet of living space with two bedrooms and one full bathroom, currently leased at $1,760 per month until August 14, 2025. The property is currently 100% occupied, demonstrating strong rental demand and immediate cash flow. This turnkey investment is priced at $519,840 and offers a compelling return on investment in a thriving urban market. The property's excellent location and strong tenant occupancy make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. The ease of renting further enhances its appeal.

107 Franklin St, Madison, Wisconsin

Location Insight

City
Madison
County
Dane
State
Wisconsin
Latitude
43.079
Longitude
-89.381

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