2410 Calypso Road, Madison

$799,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

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 rents $1,250/unit = $120,000 gross annual rents 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.

Real Broker Llc.

Essential Information
Status Sold
Detailed Status Sold 10/6/2023
Days on Market 71
MLS® # 1956856
Price $799,000
Year Built 1965
Type Multi Family
Assessed Value $815,000
Year Assesed 2023
Net Taxes $16,065
Tax Year 2022
Total Income $78,000
Utilities Separate elec meters
Parking Per Unit 557
Exterior Aluminum, Brick/Stone
Community Information
Address 2410 Calypso Road
MLS® Area MADISON - C E04
City Madison
County Dane
State WI
Zip Code 53704
School Information
District Madison
Elementary Emerson
Middle Sherman
High East
Property Overview
2 Bedroom Units 8
Total Units 8
# of Water Heaters 1
Heat Fuel Natural Gas
# of Stoves 8
# of Refrigerators 8
# of Dishwashers 1
Units with AC 8
# of Washers 1
# of Dryers 1
Unit 1 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 08/09/2024
Monthly Rent $925
Square Feet 700
Parking 1 Space
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 08/07/2023
Monthly Rent $900
Square Feet 700
Parking 1 Space
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 3 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 08/07/2023
Monthly Rent $760
Square Feet 700
Parking 1 Space
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 4 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 08/07/2023
Monthly Rent $785
Square Feet 700
Parking 1 Space
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Additional Information
Zoning SR-V1
Barrier Free Open floor plan, First floor bedroom, First floor full bath, Level drive, Level lot, Low pile or no
Short Sale No
REO / Bank Owned No
Property History
Status Changed from Offer-Show to Sold
Status Changed from Active to Offer-Show
Price Reduced from $820,000 to $799,000
Price Reduced from $865,000 to $820,000
Price Reduced from $899,000 to $865,000
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DISCLAIMER: Information is supplied by seller and other third parties and has not been verified.The IDX information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data provided by the South Central Wisconsin MLS as of 05/08/2024.

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