BEDS0
BATHS
MLS#2019012
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMadison
Listing Courtesy of:
Conrad Development LLC
Agency Phone: 6082344960
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Garage: 2
Lot Size: 0.45 Acres
Taxes: $35,550
Year Built: 1897
Units
Unit 1:
Bedrooms: 1
Full Baths: 1
Square Footage: 720
Unit 2:
Bedrooms: 2
Full Baths: 1
Square Footage: 720
Unit 3:
Bedrooms: 2
Unit 4:
Bedrooms: 2
Feature Descriptions
Basement: Full
Building: Apartment Building, 2 Flat Up and Down
Data Source: WIREX_SCW
Days on Site: 58
Exterior: Wood
Heating/Cooling: Radiant/Electric
Heating Fuel: Natural Gas
Parking: 2 Space, Outside
Units: 7
Utilities: Separate Electric Meters, Separate Gas Meters
Water/Waste: Municipal Water, Municipal Sewer
Local Schools
High School: East
Middle School: Okeeffe
Elementary School: Lapham/Marquette
School District: Madison
Listed By / Shown By
Listed By
Agency Name: Conrad Development LLC
Agency Phone: 6082344960
Shown By
Agency Title: Stark Company Realtors
Agency Phone: 608-256-9011
Estimate Your Payment
Estimated Payment
$ 14,711.08 per month $11,136.08 Principal & Interest $2,962.50 Property Tax $612.50 Homeowner's InsuranceChange Payment Information
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820-828 Dayton Street | MLS# 2019012
This multi-family property located at 820-828 Dayton Street, Madison, WI 53703 is currently listed for sale with an asking price of $2,100,000. 820-828 Dayton Street is located within the Madison school district. Search Madison real estate on www.starkhomes.com today.