Simply Homes Madison LLC
Listed by Simply Homes Madison LLC
$400,000
2423 American
Details
APN 0810-304-0199-7
Property Type Office
Sub Type Traditional Office
Square Footage 7,482
Units 5
Year Built 1981
Stories 1
Acreage 2.210
Parking Spaces 40
Office | 7,482 SqFt
Marketing description
Investment Opportunity!
Excellent income-producing property with 20 private office suites, broken down into 5 suites that could be rented together or all individual. Investors choice! Shared kitchen and restroom areas, and consistent tenant demand. Each office rents could rent for $400/month, generating approximately $96,000 in annual gross income.
Estimated Financials:
Gross Income: $96,000/year
Expenses:
• Land Lease: $26,400/year
• Property Taxes: $8,929/year
• Common Area: $1,200/year
• Mortgage (est. $350,000 @ 6% / 25 yrs): $27,200/year
Estimated Net Income: ˜ $32,271/year
Solid opportunity for investors seeking strong cash flow, low maintenance, and steady returns.
Listing Contacts
Simply Homes Madison LLC
Listed by Simply Homes Madison LLC
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