Historic King House

Historic King House located at 212 W. Gorham Street in Downtown Madison, Wisconsin. The property is four stories; 1st floor is commercial space leased until 2029 with options to extend; 2nd floor is a three-bedroom apartment, and the 3rd & 4th floors house an eight-bedroom apartment. The Historic King House was moved to this location from State Street and fully restored/renovated in 2002. Original woodwork maintained throughout. Modern kitchens, fireplaces, central air/heat, laundry in units, spacious living with parlor rooms. Many recent capital upgrades including all new mechanicals in 2002/2019/2022, new windows in 2020, new roof and gutters installed in 2023, commercial rated sprinkler system installed in 2002. All units are separately metered for water, gas, electric and HVAC. Asking Sales Price is $1,500,00 which represents a 7% cap rate on $149,700 pro forma income. See attached marketing flyer which includes income and expense information with many additional details pertaining to the building and opportunity. For more information and/or a showing, email mapter@cresa.com or call 608-852-3001.