Multifamily Property for Sale in Madison, WI

This multifamily property in Madison, WI, presents an opportunity for investors. It features assumable Freddie Mac debt at a 4.51% interest rate through 2036. The property is well-maintained with a desirable unit mix, and a value-add renovation program has already increased rents on 96 units. Completing renovations on the remaining units could generate further rent increases. The property was built in 1973 and renovated in 2019, with 176 units averaging 931 SF. Effective Gross Income: $2,893,634, Total Expenses: $1,308,731, Net Operating Income: $1,584,903.