HIGHLIGHTS
- $63k/Unit
- Currently operating at a 7.3% cap rate, and is projected to generate an 11.4% cap rate on a stabilized basis
- Within walking distance to the Laramie and Austin Greenline stops
- Opportunity to adjust below market rents to mimic the current state of the marke
- Opportunity to increase value through strategic lease-ups of vacant residential and commercial units
FOR SALE DETAILS
PRICE
$1,725,000 USD
PRICE/SF
$73 USD /SF
# OF UNITS
23
PRICE/UNIT
$75,000
CAP RATE
11.4%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Madison 27
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1928
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.64 AC
LAND SF
27,704 SF
ZONING
B3-2
APN/PARCEL ID
16-09-320-031-0000
ASK ABOUT THIS PROPERTY
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312-890-2232
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312-890-2232
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