Current Use by Public Records
- Dormitories
Property Details for 107 Franklin St
- Property type
- Dormitories
- Property subtype
- Student housing
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.381
- Latitude
- 43.079
