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820-828 E Dayton Street, Madison, WI, 53703

--beds
--baths
--sqft
$2,100,000
--price/sqft
$14,190/moest. monthly cost
$567,600/yrincome needed

About This Home

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.

Getting Around

91
WalkingWalker's Paradise
51
TransitGood Transit
100
BikeBiker's Paradise

Schools

--
Lapham Elementary SchoolGrades PK-20.3 mi
8/10
O'keeffe Middle SchoolGrades 6-81.0 mi
8/10
East High SchoolGrades 9-121.5 mi

Construction

Condition

  • Property condition: 21+ Years
  • Year built: 1897

Materials

  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Apartment

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Heating

  • Heating features: Natural Gas,Radiant/Electric

Property

Details

  • Parcel number: Multiple
  • Zoning: TR-V1
  • Exclusions: All Tenant/S' Personal Property

Features

  • Stories: 2

Lot

  • Lot size: 0.45 Acres

Parking

  • Total spaces: 2
  • Parking features: 2 Car,Detached,2 Space,Outside
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2