Listed by Madison Commercial Real Estate LLC
$1,265,000
25 Coronado Court
Details
APN 0708-243-0628-1
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,775
Units 4
NOI $47,515
Pro-Forma NOI $66,943
Year Built 1978
Acreage 0.365
Zoning SR-V1
High-performing 4-plex apartment on Madison's West side. Dependable lease income!
Marketing description
Four-Unit for Sale
Investment highlights
- Fully leased four-unit apartment building located on a quiet cull-d-sac, just off Mineral Point Road
- Long-term tenants (one over 20 years)
- Within walking distance to numerous restaurants and retail
- BRT system within two blocks of property
- Each unit has three bedrooms, attached one car garage, wood burning fireplaces, private entrances. Two units have 2 full bathrooms, two have 1 ½ bathrooms. Three units have full basements
- Updates include – Project Home 2006, insulated attic, continuous ventilation fans, high efficiency furnaces. New windows, gutters, siding in 2015. Unit 25 – new water heater in 2022, garage door in 2020, AC in 2020 new compressor 2025. Unit 27 – garage door 2020, dishwasher in 2022. New asphalt driveways May 2026. Numerous other minor updates.
- Leases available with signed CA
Listing Contacts
Listed by Madison Commercial Real Estate LLC
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$47,515.00
$3,959.58/mo
Valuation Metrics
0
DSCR
3.76%
Cap Rate
3.76%
ROI
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