JOHNSON STREET

10 Units

Madison, WI

CLOSED!

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Johnson Street Properties:

The Johnson Street Collection consists of three adjacent mixed-use rental properties located within two blocks of Lake Mendota, James Madison Park, and East Washington Avenue’s entertainment corridor. The offering includes six apartments and four first floor commercial suites with established long-term commercial tenants (average commercial tenure = 9+ years). The apartments have a variety of floor plans totaling 16 bedrooms with 19 off-street parking spaces (8 rentable spaces & 11 spaces for commercial use) on a combined 0.33 acres. The East Johnson Collection is a rare opportunity to acquire multifamily assets in a prime Isthmus location, offered by a long-term owner at 8.3 times gross income.