Cheng Real Estate Group
This listing was posted on Cheng Real Estate Group (via ListedBuy).
$865,000
2410 Calypso Road, Madison, WI 53704
Price:
$865,000
BR/BA:
8 BR, 4 BA
Location:
2410 Calypso Road, Madison, WI
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 sales $1,250/unit = $120,000 gross annual sales 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. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
2,800 sq. ft.
Amenities:
Storage
For sale by:
Agent/Broker
Agent Name:
Cheng Real Estate Group
Posted:
July 12 2023 on ListedBuy
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More About this Listing: 2410 Calypso Road, Madison, WI 53704
2410 Calypso Road, Madison, WI 53704 is a Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 2410 Calypso Road in Madison WI. Find other listings like 2410 Calypso Road, Madison, WI 53704 and listings near 2410 Calypso Road by searching Oodle Classifieds for Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Madison WI.
2410 Calypso Road, Madison, WI 53704 is a Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 2410 Calypso Road in Madison WI. Find other listings like 2410 Calypso Road, Madison, WI 53704 and listings near 2410 Calypso Road by searching Oodle Classifieds for Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Madison WI.