Overview

Listing ID:#59072

Building SF:20,160

Parcel Size:1.05 Acres

Price:$1,750,000

Building PSF:$86.81

Property Type:Multi-Family

Date Available:Now

Offering Memorandum

Description

The Windbrair Apartments,located within the Madison MSA, is a two-story complex consisting of (16) one-bedroom units and (8) two-bedroom units. Windbrair is currently 100% occupied and has a history of low vacancy rates. The existing rents are extremely competitive within the market allowing for future upside potential. The property offers 31 onsite parking spaces all units have a balcony/patio.

Financial Information

Gross Income:$217,614

Net Op. Income:$135,138

Cap Rate:8.00%

Current Tenants:24

Percent Leased:100%

Building Details

Building Type:Multi-Tenant

Building Status:Existing

Year Built:1973

Year Renovated:0

Number of Floors:2

Number of Units:24

Outside Parking:Yes

Contact Listing Agent

Jenny Lisak

608-729-1808
608-513-5447
Email

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