$1,395,000
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4414 Dwight Drive Madison, WI 53704
Multi-Family
Residence
Beds
Baths
Sq. Ft.
0.29
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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Fantastic, fully-leased 12-unit building grossing $11,845/mo in rent (plus laundry income) =$143k/yr. NOI over $100k/yr. Tax appeal complete, reducing taxes $1,100 for future bills. No deferred maintenance with NEW ROOF ?23 and NEW PARKING LOT ?20. Moments from Sun Prairie and East Town Mall and on ...key bus routes, these professionally managed 1BR/1BA units have strong history and steady cashflow. At GRM of 10.5x or Cap Rate of 6.5%, this building has a FMV of $1.49-$1.55m. The Fed just announced a rate cut, so expect demand to be strong at this price. Lock in consistent returns and upside for your portfolio. Nearby AmFam campus and brand-new UW Medical Center provide large tenant pool and ongoing appeal for the area. Don't miss your chance to own in the nation?s #1 multi-family market.
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MLS#
WIREX_SCW1986709
Property Type
Multi-Family
Year Built
1969
Lot Size
0.29
Stories
2.0
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