Overview

Listing ID:#20194442

Building SF:19,332

Price:$2,100,000

Building PSF:$108.63

Property Type:Multi-Family

Date Available:Now

4-Parcel Isthmus Assemblage $2,100,000

Rare 4-parcel, 7-unit portfolio in Madison's core Isthmus - the city's most walkable, in-demand location. Combines true neighborhood feel w/immediate access to downtown, restaurants, grocery, entertainment, parks, major employers & the Capitol 8 blocks away. Includes 820, 822, 824 & 828 E Dayton St. Compelling opportunity for investors, multifamily developers pursuing scarce assemblage scale, & smaller owners wanting control of a rarely available Isthmus footprint. Opportunities to acquire this kind of assembly in this location are few & far between, which is exactly why the value proposition is so compelling. Current rents offer upside relative to price per SF, & raw land pricing for development has moved dramatically in recent years. Hold, renovate, reposition, or redevelop. $165k gross revenue, $119,500 NOI Parcel #'s: 0709-132-1011-1, 0709-132-1012-9, 0709-132-1013-7, 0709-132-1014-5. Conrad Development LLC

Financial Information

Gross Income:$165,000

Total Expenses:$45,649

Net Op. Income:$119,351

Cap Rate:5.70%

Percent Leased:100%

Real Estate Taxes:$35,550

Tax Year:2025

Building Details

Building Type:Multi-Tenant

Building Status:Existing

Contact Listing Agent

WIlliam Butcher

(608) 345-1296

Important Disclaimer: Content for property listings on this website is provided by third parties. The party posting this listing is solely responsible for the accuracy of the information provided, including commissions. PropertyDrive makes no guarantee, warranty, or representation about the accuracy, timeliness or thoroughness and disclaims responsibility for the content of any property listing. PropertyDrive reserves the right to remove listings at any time.