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$ 2,100,000
Est. payment | /mo
0.45 Acres Lot
$ 2,100,000
Est. payment | /mo
0.45 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2019012
Year Built 1897
Annual Tax Amount $35,550
Tax Year 2025
Lot Size 0.450 Acres
Acres 0.45
Property Description
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 seeking current income+upside, 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. Pricing is competitive, 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. Rare scale, rare location, rare opportunity. $165k gross revenue, $119,500 NOI Parcel #'s: 0709-132-1011-1, 0709-132-1012-9, 0709-132-1013-7, 0709-132-1014-5.
Location
State WI
County Dane
Zoning TR-V1
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Radiant/Electric
Inclusions All appliances, mechanicals, window coverings.
Exterior
Exterior Feature Wood
Parking Features 2 Car, Detached
Garage Spaces 2.0
Utilities Available Separate Electric Meters, Separate Gas Meters
Building
Dwelling Type Apartment Building,2 Flat Up and Down
Story 1 - 2
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Lapham/Marquette
Middle Schools Okeeffe
High Schools East
School District Madison
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Listed by Conrad Development LLC