2410 Calypso Road Madison WI 53704 $799,000

Property Description

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.

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: null
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

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