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Building For Sale: Under Contract: Multi-Unit Investment

Under Contract: Multi-Unit Investment
2001 Pike Dr
Fitchburg WI 53713
Dane County

Greater Madison West
Property ID: 59072
Date Printed: 7/11/2020

Size and Financial Information

Building square feet: 20,160
Parcel Size: 1.05 acres
Price: $1,750,000
Status: Active
Gross Income: $217,614
Net Op. Income: $135,138
Cap Rate: 7.72%
Number of Units: 24
Current Tenants: 24
Percent Leased: 100%
Real Estate Taxes: $31,734
Co-broke amount:

General Information

Date Available: Now
Building Type: Multi-Tenant
Building Status: Existing
Year Built: 1973
Number of Floors: 2
Zoning:
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:
Municipal Sewer:
Urban Svc. Area:
Docks:
Overhead Doors:
Cable:
DSL:
T1:

Shared Building Amenities

Break Room:
Cafeteria:
Lounge:

Conference Room:
Auditorium:
Other:

Elevator:
Exercise Room:
Shower:

Comments

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.

Attachments

Offering Memorandum

Contact Information

Key Commercial Real Estate, LLC Logo
Jenny Lisak
Key Commercial Real Estate, LLC
Phone: 608-729-1808
Mobile Phone: 608-513-5447
Email: jlisak@keycomre.com
Website: http://www.keycomre.com

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