120-122 N Franklin Street
Property Description
120~122 N Franklin St is a rare opportunity to own a high~performing 3~flat investment property with an incredible 14 bedrooms in one of Madison's most desirable rental locations. Currently generating over $13,500month in income with potential to exceed $14,500month, this property offers immediate cash flow and strong upside potential. Located steps from James Madison Park, tenants love the oversized units, available parking, outdoor porches, and classic charm that make these apartments exceptionally easy to rent year after year. The property has been well maintained, including a newer boiler installation, making it an attractive option for investors seeking stability and long~term appreciation. Large unit sizes, premium location, and strong rental demand make this a truly rare Madison investment opportunity. The property is also being offered as part of the 120~126 N Franklin st portfolio. A rare side~by~side 27 bedroom opportunity with significant development potential...
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,670,000 |
| No. of Units: | 3 |
| Year Built: | 1909 |
| Opportunity Zone: | No |
| Price per unit: | $556,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 14 |
| Number of Bathrooms: | 7 |
ID: 3yd-SCWMLSWI-2023684
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