2410 Calypso Road, Madison, WI 53704 (MLS # 1956856)

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Listed with Real Broker LLC

PRICE $799,000 dsIDX morgage calculator
BEDS 8
BATHS 4
HOME SIZE 700 sqft
LOT SIZE 12,197 sqft

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.

LAST UPDATED 10/6/2023 YEAR BUILT 1965
COMMUNITY MADISON - C E04 COUNTY Dane
STATUS Sold PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Madison
Elementary School Emerson
Jr. High School Sherman
High School East


ADDITIONAL DETAILS
AREA MADISON - C E04
BASEMENT Full, Poured concrete foundatn, Sump pump, Yes
CONSTRUCTION Aluminum/Steel, Brick
GARAGE 1 space
HEAT Fuel - Natural Gas
LOT 0.28 acre(s)
PARKING 1 Space
SEWER Municipal sewer
STORIES 2
STYLE 2 story, Apartment building
TAXES 16065
WATER Municipal water
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Real Broker LLC

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