1212 Vilas Dr, Madison, WI 53715
BD: 0
BA: 1
$4,140,000
Offer-Show

1212 Vilas Dr, Madison, WI 53715

$4,140,000

Calculate Payment
Schedule A Showing

$4,140,000

1212 Vilas Dr, Madison, WI 53715 by First Weber Inc - HomeInfo@firstweber.com $4,140,000
1212 Vilas Dr, Madison, WI 53715 by First Weber Inc - HomeInfo@firstweber.com $4,140,000
1212 Vilas Dr, Madison, WI 53715 by First Weber Inc - HomeInfo@firstweber.com $4,140,000
1212 Vilas Dr, Madison, WI 53715 by First Weber Inc - HomeInfo@firstweber.com $4,140,000
1212 Vilas Dr, Madison, WI 53715 by First Weber Inc - HomeInfo@firstweber.com $4,140,000
1212 Vilas Dr, Madison, WI 53715 by First Weber Inc - HomeInfo@firstweber.com $4,140,000

Features

  • Residential Income
  • Status: Offer-Show
  • County: Dane
  • 0 Full Bathrooms
  • Acreage: 0.1
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Property Taxes: $69,428
  • Property Tax Year: 2022
  • MLS#: 1951852
  • Listing Company: First Weber Inc - [email protected]
  • Zip Code: 53715
  • Number of Units: 16
  • Unit Type 1 Avg Rent: $1,325
  • Unit 1 Parking: 1 Car Garage
  • Unit Type 2 Avg Rent: $1,450
  • Unit 2 Parking: 1 Car Garage
  • Unit Type 3 Avg Rent: $2,400
  • Unit 3 Parking: None
  • Unit Type 4 Avg Rent: $2,550
  • Unit 4 Parking: None

Property Description

1212 Vilas Dr, Madison, WI 53715 - Portfolio Sale with the following addresses: 1212 Vilas Ave., 423-425 W. Dayton, 1615 Jefferson St., 1608 Madison St., 410-412 W. Mifflin, 616-618 S. Mills. Amazing opportunity to grab a foothold in the Madison multifamily market. Six non-contiguous properties for sale as a portfolio, totaling 16 units. Units attract a variety of undergrads, grad students, and professionals that want to be close to campus, downtown and nearby employers. Easy to find tenants, the properties are fully leased through August 2024. Several newer mechanicals and appliances. Some parking spots leased separately. Upside potential with football game parking and some below market rate rents. Current monthly income of $25,200 excludes coin op W&D dryer income. Rents increase to $26,115 later this year.

  • Additional features

    Basement

    • Block Foundation, Full

    Interior Features

    • Water Waste: Municipal sewer, Municipal water
    • Inclusions: Refrigerator x16, Stove/oven x16, Dishwasher x2, Washer x6, Dryer x6, Water Softener x6

    Building and Construction

    • 2 flat, 2 story
    • Construction Type: E

    Land Features

    • Waterfront/Access: N
  • Property History
    MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
    1951852 Offer-Show Active Apr 25 2023 10:46AM 74
    1951852 Active Mar 16 2023 1:46PM $4,140,000 74
  • Schools
  • Demographics
  • Market Conditions
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Buyer understands that the information which is contained on Data pages is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. REALTOR *MLS* Equal Housing Opportunity

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