2501 & 2505 Calypso Rd, Madison, WI 53704 Sold for $1,775,000 on 04/20/2023

2501 & 2505 Calypso Rd, Madison BD: 0 BA: 1 $1,775,000 Sold

  • Residential Income
  • Status: Sold
  • County: Dane
  • 0 Full Bathrooms
  • Acreage: 0.57
  • Elementary School: Emerson
  • Middle School: Sherman
  • High School: East
  • Property Taxes: $28,097
  • Property Tax Year: 2022
  • MLS#: 1950294
  • Listing Company: Investment Brokers Realty
  • Zip Code: 53704
  • Number of Units: 16
  • Unit Type 1 Avg Rent: $1,200
  • Unit 1 Parking: 1 Space
  • Unit Type 2 Avg Rent: $1,200
  • Unit 2 Parking: 1 Space
  • Unit Type 3 Avg Rent: $1,200
  • Unit 3 Parking: 1 Space
  • Unit Type 4 Avg Rent: $1,200
  • Unit 4 Parking: 1 Space

2501 & 2505 Calypso Rd, Madison, WI 53704 - 2/solid brick 8/unit buildings with hip roofs for the Wisconsin weather. Good location, good properties at 2501 and 2505 Calypso Rd. All newer mechanicals including water softeners and lots of newer remodeling. Near Lake Mendota, Warner Park, bike trails, Cherokee Marsh, shopping, and bus lines. This property is very easy to operate by any owner or management staff. The buildings can also be purchased separately for $930,000 each (see MLS #1950296). Gross year rents are $109,800 for 2501 Calypso Rd & $106,200 for 2505 Calypso Rd.

Additional Features
  • Full, Poured Concrete Foundation, Sump pump
  • Water Waste: Municipal sewer, Municipal water
  • Inclusions: 16-stoves, 16 Refrigerators, 16 wall A/C units, all ceiling fans, all window treatments, 2 water softeners, 4 water heaters at 80 gallons each and 2 gas boilers (newer)
  • 2 story, Apartment building
  • Construction Type: E
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1950294 Sold Offer-Show Apr 20 2023 12:00AM $1,775,000 19
1950294 Sold Offer-Show Apr 20 2023 12:00AM $1,775,000 19
1950294 Offer-Show Active Mar 9 2023 9:46AM 19
1950294 Active Feb 16 2023 1:46PM $1,800,000 19
1940720 Expired Active Sep 27 2022 12:00AM 55
1940720 Active Aug 3 2022 2:54PM $1,800,000 55

Estimated Monthly Payment

$3,287 per month
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