Sandy & Tom McKinlay
BEDS5
BATHS2 full
SQUARE FEET1,742
MLS#2023674
STATUSActive
PROPERTY TYPEResidential - Single Family
SCHOOLMadison
Listing Courtesy of:
EXIT Realty HGM
Agency Phone: 608-563-2272
Property Description
Income properties this close to downtown Madison rarely pencil this well. Just around the corner from James Madison Park, this 5-bed, 2-bath rental is consistently easy to lease thanks to its unbeatable location near campus, downtown restaurants, nightlife, and the lake. Currently rented at $4,295/month with projected rents up to $4,750/month, there's immediate upside for the next owner. The property has been well maintained with mostly vinyl windows, 2 parking spaces plus a moped spot, and very little yard maintenance. Tenants cover all expenses, making this an attractive low-maintenance investment opportunity with strong returns. Also available as part of the 120?126 N Franklin portfolio, offering a rare opportunity to acquire a side-by-side 27-bedroom investment property with significant long-term upside and future redevelopment potential.
Property Features
Property Type: Residential - Single Family
Fuel Type: Natural gas
Lot Size:
Stories: 1.5
Taxes: $6,144
Year Built: 1889
Amenities
Wood
Feature Descriptions
Exterior: Wood
Heating/Cooling: Window AC
Water/Waste: Municipal water, Municipal sewer
Room Sizes
Primary Bedroom: 13x10 Level M
Bedroom 2: 12x13 Level U
Bedroom 3: 13x11 Level M
Bedroom 4: 13x10 Level U
Kitchen: 13x11 Level M
Living/Great Room: 11x13 Level M
Local Schools
High School: East
Middle School: OKeeffe
Elementary School: Lapham/Marquette
School District: Madison
Listed By / Shown By
Listed By
Agency Name: EXIT Realty HGM
Agency Phone: 608-563-2272
Shown By
Agent Name: Sandy & Tom McKinlay
Agent Phone: (608) 345-2609
Agency Title: Stark Company Realtors
Estimate Your Payment
Estimated Payment
$ 4,148.46 per month $3,446.88 Principal & Interest $512.00 Property Tax $189.58 Homeowner's InsuranceChange Payment Information
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126 N Franklin Street | MLS# 2023674
This single family home located at 126 N Franklin Street, Madison, WI 53703 is currently listed for sale with an asking price of $650,000. This property was built in 1889 and has 5 bedrooms and 2 full baths with 1742 sq. ft. N Franklin Street is located within the Madison school district. Search Madison real estate on mckinlay.starkhomes.com today.