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$400,000
Est. payment /mo
7,482 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office(s),School
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(s),School
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
Zoning Office
Rooms
Basement None, None / Slab
Interior
Heating Natural Gas
Cooling Forced Air
Exterior
Roof Type Flat
Building
Dwelling Type Free Standing
Story 1
Sewer Municipal Water
New Construction N
Others
Acceptable Financing Land Contract, Short Sale, REO/Foreclosure
Listing Terms Land Contract, Short Sale, REO/Foreclosure
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Listed by Compass Real Estate Wisconsin
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