SoldJan 5, 2016

Listed by Tom Christensen

Bought with Tobi Silgman from Lauer Realty Group, Inc.

Source: Wisconsin Real Estate Exchange #99060353482

1049 E Johnson St, Madison, WI, 53703

$445,000

7
4
2
18 sq. ft.
0.25 ac.

MultiFam

•

Sold: Jan 5, 2016

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About this property

#5, 2 bdrm, $820/mo. Units 1-4 marketed as 1 bdrm+study. Study often used as bdrm 2. #5, large 2 bdrm. Much attention this past year in fixing all deferred maintenance, upgrading 2 units, adding cosmetic improvements. Rents for 2016+ are projected at $1025 each. Improvements not done in time to get higher rents for 15-16 season. #3 was late rental so proved upside, signed lease for $950/mo. Buy now and enjoy the equity gain in 2016-17, or wait until 16-17 leases signed and pay new price of $549,000!

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