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31220443
31220444

820-828 E Dayton Street, Madison, WI 53703

Conrad Development
Listed by Conrad Development
$2,100,000
79 days on market
Updated 28 days ago
Opportunity zone

820-828 E Dayton Street

Details
APN Multiple
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 7
NOI $119,351
Year Built 1897
Acreage 0.450
Zoning TR-V1
Parking Spaces 14 spaces

Multifamily | 7 Units

Marketing description

Rare 4-parcel, 7-unit portfolio in Madison’s core Isthmus - the city’s most walkable, in-demand location. Combines true neighborhood feel w/immediate access to downtown, restaurants, grocery, entertainment, parks, major employers & the Capitol 8 blocks away. Includes 820, 822, 824 & 828 E Dayton St. Compelling opportunity for investors seeking current income+upside, multifamily developers pursuing scarce assemblage scale, & smaller owners wanting control of a rarely available Isthmus footprint. Opportunities to acquire this kind of assembly in this location are few & far between, which is exactly why the value proposition is so compelling. Pricing is competitive, current rents offer upside relative to price per SF, & raw land pricing for development has moved dramatically in recent years. Hold, renovate, reposition, or redevelop. Rare scale, rare location, rare opportunity. $165k gross revenue, $119,500 NOI Parcel #'s: 0709-132-1011-1, 0709-132-1012-9, 0709-132-1013-7, 0709-132-1014-5.
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Conrad Development
Listed by Conrad Development

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$119,351.00
$9,945.92/mo

Valuation Metrics

0
DSCR
5.68%
Cap Rate
5.68%
ROI

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