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Property Detail

Building For Sale:

918 Melvin Ct
Madison WI 53704
Dane County

Greater Madison East
Property ID: 30662
Date Printed: 9/9/2010

Property Mapping - Show

Size and Financial Information

Building sf (?):	6,800
Parcel Size:	29,597 s.f.
Price:	$419,900
Gross Income:	$63,630
Net Op. Income (?):	$36,721
Cap Rate:	8.80%
Number of Units:	8
Current Tenants:	8
Percent Leased:	100%
Real Estate Taxes:	$9,842
Property Type:	Residential Income

General Information

Date Available:	Now
Building Type:	Multi-Tenant
Building Status:	Existing
Year Built:	1955
Number of Floors:	2
Zoning:	R-4
Potential Zoning:
Hwy Exposure:
Handicap Access:

Outside Parking:	Yes
per 1,000 s.f.:
Inside Parking:
per 1,000 s.f.:
Ceiling at Eaves:
Ceiling at Center:
Parcel Front Dim:
Parcel Side Dim:

Municipal Water:	Yes
Municipal Sewer:	Yes
Urban Svc. Area:	Yes
Docks:
Drive-in Doors:
Cable:	Yes
DSL:	Yes
T1:

Shared Building Amenities

Break Room:
Cafeteria:
Lounge:

Conference Room:
Auditorium:
Other:	laundry

Elevator:
Exercise Room:
Shower:

Comments

Two all brick 4 units located on quiet dead end street with paved bike trail at end of street. 6 one bedroms, 2-2 bedrooms. Short walk to MATC Truax campus. All units are in very good condition with 3 units have kitchen/bath remodels in last 3 years. Almost 9 cap! Excellent location with Duplex condos across the street, higher end apartments to the North and single family behind.