Property Description for 2410 Calypso Road, Madison, WI 53704
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.
- Number of Units: 8
- Type of Rental: 2 story, Apartment building
- Year Built: 1965
- Taxes: $16,065
- Tax Year: 2022
- County: Dane
- Elementary School: Emerson
- Middle School: Sherman
- High School: East
- MLS Number: 1956856
Unit 1
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 700
Unit 2
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 700
Unit 3
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 700
Unit 4
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: 1 Space
- Sq Ft: 700
