Property Description for 423 W Dayton Street, Madison, WI 53703
Perfect location for student housing. Fully leased through August 2024. This property has 6 separately leased parking spots for additional income. All units have gas stoves. Washer/Dryer 1 year old. Updated electrical panels, furnaces, and water heaters. Parking leases add up to $600/month. Total projected income based on August '23 to August '24 rents is $5945/month, including parking. Fantastic metrics for the location. Less than 12 GRM! Or tear down and redevelop.
- Number of Units: 3
- Type of Rental: 3 story, Apartment building
- Year Built: 1896
- Taxes: $14,285
- Tax Year: 2022
- County: Dane
- Elementary School: Franklin/Randall
- Middle School: Hamilton
- High School: West
- MLS Number: 1959891
Unit 1
- Beds: 3
- Baths: 1 f | 0 h | 0 q
- Parking: None
- Sq Ft: 1,187
Unit 2
- Beds: 4
- Baths: 1 f | 0 h | 0 q
- Parking: None
- Sq Ft: 1,187
Unit 3
- Beds: 2
- Baths: 1 f | 0 h | 0 q
- Parking: None
- Sq Ft: 700
