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2410 Calypso Road, Madison, WI 53704 Sold for $799,000 on 10/06/2023
Features of 2410 Calypso Road, Madison, WI 53704
WI > Dane > Madison > 2410 Calypso Road
- Residential Income
- Status: Sold
- County: Dane
- 0 Full Bathrooms
- Acreage: 0.28
- Elementary School: Emerson
- Middle School: Sherman
- High School: East
- Property Taxes: $16,065
- Property Tax Year: 2022
- MLS#: 1956856
- Listing Company: Real Broker Llc - Pref: 608-957-2683
- Zip Code: 53704
- Number of Units: 8
- Unit Type 1 Avg Rent: $925
- Unit 1 Parking: 1 Space
- Unit Type 2 Avg Rent: $900
- Unit 2 Parking: 1 Space
- Unit Type 3 Avg Rent: $760
- Unit 3 Parking: 1 Space
- Unit Type 4 Avg Rent: $785
- Unit 4 Parking: 1 Space
Property Description for 2410 Calypso Road, Madison, WI 53704
2410 Calypso Road, Madison, WI 53704 - 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 & 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.
Basement
- Full, Poured Concrete Foundation, Sump pump
Interior Features
- Water Waste: Municipal sewer, Municipal water
- Inclusions: All appliances currently in units, 8x refrigerator/stove/dishwasher. One set washer and dryer in basement.
Building and Construction
- 2 story, Apartment building
- Construction Type: E
Land Features
- Waterfront/Access: N
| MLS Number | New Status | Previous Status | Activity Date | New List Price | Previous List Price | Sold Price | DOM |
| 1956856 | Sold | Offer-Show | Oct 6 2023 12:00AM | $799,000 | 71 | ||
| 1956856 | Sold | Offer-Show | Oct 6 2023 12:00AM | $799,000 | 71 | ||
| 1956856 | Offer-Show | Active | Aug 11 2023 11:46AM | 71 | |||
| 1956856 | Aug 2 2023 7:46PM | $799,000 | $820,000 | 71 | |||
| 1956856 | Jul 25 2023 8:46AM | $820,000 | $865,000 | 71 | |||
| 1956856 | Jun 14 2023 7:45AM | $865,000 | $899,000 | 71 | |||
| 1956856 | Active | Jun 1 2023 9:47AM | $899,000 | 71 |
Contact Shorewest
1.800.434.7350
Community Homes Near 2410 Calypso Road
| Madison Real Estate | 53704 Real Estate |
|---|---|
| Madison Vacant Land Real Estate | 53704 Vacant Land Real Estate |
| Madison Foreclosures | 53704 Foreclosures |
| Madison Single-Family Homes | 53704 Single-Family Homes |
| Madison Condominiums |
The information which is contained on pages with property data is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. Shorewest Realtors is not making any warranties or representations concerning any of these properties. Shorewest Realtors shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site.
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