Preglers Addition
· 3,003 sq.ft · 7 Bedrooms · 4 Baths · House
Preglers Addition · 3,003 sq.ft · 7 Bedrooms · 4 Baths · House
Rare 4-parcel, 7-unit portfolio in Madison’s core Isthmus. The city’s most walkable, in-demand location. Combines true neighborhood feel wu002Fimmediate access to downtown, restaurants, grocery, entertainment, parks, major employers & the Capitol 8 blocks away. Includes 820, 822, 824 & 828 E Dayton St. Compelling opportunity for investors seeking current income+upside, multifamily developers pursuing scarce assemblage scale, & smaller owners wanting control of a rarely available Isthmus footprint. Opportunities to acquire this kind of assembly in this location are few & far between, which is exactly why the value proposition is so compelling. Pricing is competitive, current rents offer upside relative to price per SF, & raw land pricing for development has moved dramatically in recent years. Hold, renovate, reposition, or redevelop. Rare scale, rare location, rare opportunity. 165k gross revenue, $119,500 NOI Parcel #'s: 0709-132-10-, 0709-132-10-, 0709-132-10-, 0709-132-10-
Rare 4-parcel, 7-unit portfolio in Madison’s core Isthmus. The city’s most walkable, in-demand location. Combines true neighborhood feel wu002Fimmediate access to downtown, restaurants, grocery, entertainment, parks, major employers & the Capitol 8 blocks away. Includes 820, 822, 824 & 828 E Dayton St. Compelling opportunity for investors seeking current income+upside, multifamily developers pursuing scarce assemblage scale, & smaller owners wanting control of a rarely available Isthmus footprint. Opportunities to acquire this kind of assembly in this location are few & far between, which is exactly why the value proposition is so compelling. Pricing is competitive, current rents offer upside relative to price per SF, & raw land pricing for development has moved dramatically in recent years. Hold, renovate, reposition, or redevelop. Rare scale, rare location, rare opportunity. 165k gross revenue, $119,500 NOI Parcel #'s: 0709-132-10-, 0709-132-10-, 0709-132-10-, 0709-132-10-