11
0
121 N Hancock Street
Madison, WI 53703
Residential Multi Family (Other)
0.06 Acres
0 Sqft Living Area
4 Bedrooms
0 Bathrooms (0 Full, 0 Half)
Year Built: 1904
$962,000
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Property Description
RARE Isthmus INVESTMENT OPPORTUNITY to purchase two adjoining properties in downtown Madison as a Possible Redevelopment Site OR keep these 2 well maintained, professionally managed buildings with the same owner(s) for the past 21 years in your investment portfolio. Sales of Parcel #0709-133-2115-8(115 N Hancock) & Parcel #0709-133-2114-0(121 N Hancock) will be contingent upon the simultaneous sale and closing of the adjacent property. Unit 5 is a 550 sf, 1 bdrm, 1 bath with a rent\month of $1160. Unit 2 is an efficiency. Total NOI income includes 13 parking stalls rented at $150 per stall (total 16 stalls). See attached docs for additional Financial\Building Info. (IMPORTANT ~ MLS #1964319 @ $962,000. & MLS #1964317 @ $1,135,000. Must be Sold Together). Gross Rent Multiplier equals 11.8.
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Contact Details
Name: Pat Bushek
Email: pbushek@RestainoHomes.com
MLS Listing Id: 1964319
Agent Phone: (608) 444-9777
List Agent License:
Office Name: Restaino & Associates ERA Powered
Office Phone: (608) 833-7777
Office MLS Id: 196
Listing Status: Active
Copyright © 2024 South Central Wisconsin MLS Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
