Dick Schmitz
BEDS0
BATHS
MLS#2016377
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMadison
Listing Courtesy of:
Stark Company, REALTORS
Agency Contact: Pref: 608-852-7411
Agent Phone: (608) 225-6066
Property Description
Rare opportunity to own a fully leased investment property on S. Brooks St., down the street from downtown Madison, UW?Madison, and major hospitals in your back yard. Strong in-place income today with clear upside to adjust to market rate, offering an immediate value-add opportunity through rent adjustments over time. Additional income potential exists through currently unrented parking spaces, creating a simple path to increase NOI without additional capital investment. Prime location supports long-term demand from students, medical professionals, and downtown commuters. Ideal for investors seeking stable cash flow with built-in growth opportunities!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Fuel Type: Natural Gas
Home Style: Apartment building, 2 story, 2 flat-up and down
Stories: 2.0
Taxes: $10,655
Year Built: 1928
Units
Unit 1:
Bedrooms: 3
Full Baths: 2
Parking Description: 1 Space
Square Feet: 1850
Unit 2:
Bedrooms: 2
Full Baths: 1
Parking Description: 1 Space
Square Feet: 852
Amenities
Brick
Feature Descriptions
Basement: Full, Full size windows/Exposed, Partially finished
Days on Site: 25
Exterior: Brick
Units: 2
Water/Waste: Municipal sewer, Municipal water
Local Schools
High School: West
Middle School: Hamilton
Elementary School: Franklin/Randall
School District: Madison
Listed By / Shown By
Listed By
Agency Name: Stark Company, REALTORS
Shown By
Agent Name: Dick Schmitz
Agent Phone: (608) 225-6066
Estimate Your Payment
Estimated Payment
$ 4,524.38 per month $3,446.88 Principal & Interest $887.92 Property Tax $189.58 Homeowner's InsuranceChange Payment Information
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308 S Brooks Street | MLS# 2016377
This multi-family property located at 308 S Brooks Street, Madison, WI 53715 is currently listed for sale by Stark Company, REALTORS, with an asking price of $650,000. S Brooks Street is located within the Madison school district. Search Madison real estate on dschmitz.starkhomes.com today.