4414 Dwight Drive Pending Save Request In-Person Tour Request Virtual Tour
Madison,WI 53704
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 1986709
Year Built 1969
Tax Year 2024
Lot Size 0.290 Acres
Property Description
Fantastic, fully-leased 12-unit building grossing $11,845/mo in rent (plus laundry income) =$143k/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, this building has a FMV of $1.49-$1.55m. 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. Great opportunity to own in the nation?s #1 multifamily market.
Location
State WI
County Dane
Zoning Commercial
Interior
Heating Natural Gas
Cooling Radiant/Electric
Inclusions 12 refrigerators, 12 oven/range, 12 wall AC units, when water softener, all security camera and recording equipment
Building
Dwelling Type Apartment Building,2 Story
Sewer Municipal Water,Municipal Sewer
New Construction N
Schools
Elementary Schools Sandburg
Middle Schools Sherman
High Schools East
School District Madison