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Home For Sale

Picture of Home For Sale in Madison, Wisconsin, United States

$899,000

2410 Calypso Rd
Madison, Wisconsin, United States

Listed By: Realtyww Info

Listed On: 06/01/2023

Listing ID: GL10300155 View More Details

Description

Please do not trespass on property or disturb tenants without a scheduled showing. Excellent cash-flowing investment opportunity and upside in this 8-unit building. All units are 2/1 with identical layouts. storage lockers, and shared coin-op laundry in basement. Currently under-rented due to long-term tenants in place. Pro forma rents $1, 250/unit = $120, 000 gross annual rents resulting in a potential 9.0%+ cap rate and a 10.0%+ cash on cash return. Well located on the East side of Madison across from Warner Park with easy access to schools, grocery, and downtown Madison. Leases available upon request. 2410 units 3 and 4 are vacant and have not been updated. Vacant units will need turnover work. New boiler 2021, new coin-op W/D 2022. Various updates throughout most units done in 2022-2023.

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Listed by: Real Broker Llc
Source: The World Property Journal

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