Listed by Madcityhomes.Com
$1,345,000
554 W Mifflin Street
Details
APN 0709-231-2426-1
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 3
Year Built 1904
Acreage 0.050
Zoning Dr2
Parking Spaces 4 spaces
Multifamily | 3 Units
Marketing description
An exceptional opportunity in downtown Madison, WI, this 3-unit, 9-bedroom is the closest house on Mifflin to campus with great southern light, full front decks, and rear exit decks. Each unit in this turn-key property is leased thru 08/2027 and offers a spacious and practical layout, including a full kitchen, three bedrooms, one bathroom, and a comfortable living area. Tenants appreciate the updated basement with storage and laundry. Additional income is generated through four on-site parking spaces. Tenants are responsible for electricity, garbage/recycling, cleaning, and snow removal. With gross income of $108,900 for 2026/2027 and several rents below market, a new buyer has the potential to earn an even greater return on their investment through future lease adjustments.
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Listed by Madcityhomes.Com
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