Lifestyle Property For Sale- 2423 American Lane, Madison, WI 53704-...

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Travis Hamele

travishamelebroker@chime.me

Listed by Compass Real Estate Wisconsin

$400,000

Est. payment - /mo

7,482 SqFt

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 7,482 sqft

Price per Sqft $53

MLS Listing ID 2010361

Year Built 1981

Annual Tax Amount $8,929

Tax Year 2024

Lot Size 2.210 Acres

Acres 2.21

Property Sub-Type Office

Property Description

Investment Opportunity! Excellent income-producing property with 20 private office suites, broken down into 5 suites that could be rented together or all individual. Investors choice! Shared kitchen and restroom areas, and consistent tenant demand. Each office rents could rent for $400/month, generating approximately $96,000 in annual gross income. Estimated Financials: Gross Income: $96,000/year Expenses: • Land Lease: $26,400/year • Property Taxes: $8,929/year • Common Area: $1,200/year • Mortgage (est. $350,000 @ 6% / 25 yrs): $27,200/year Estimated Net Income: ˜ $32,271/year Solid opportunity for investors seeking strong cash flow, low maintenance, and steady returns.

Location

State WI

County Dane

Area Madison - C E06

Zoning Office

Direction Left onto E Wash Ave/US 151 S to Aberg toward Airport to Packers, R on International, L on American

Rooms

Basement Slab/None

Interior

Heating Forced air

Cooling Forced air

Exterior

Parking Features 36-55 spaces

Roof Type Partially flat

Building

Story 1

Water Municipal water

Structure Type Wood,Brick

Others

SqFt Source Appraiser

Energy Description Natural gas

Acceptable Financing Land contract, Short sale, REO

Listing Terms Land contract, Short sale, REO

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Travis Hamele

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2423 American Lane Madison, WI 53704

Travis Hamele

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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