C
Seller's Agent in 2023
Cheng Real Estat Group
Real Broker LLC
(608) 957-2683
1 in this area
420 Total Sales
2410 Calypso Rd Madison, WI 53704
Brentwood Village NeighborhoodEstimated Value: $792,987
8
Beds
4
Baths
2,800
Sq Ft
$283/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Main Floor Bedroom
- Accessible Bedroom
- Wood Flooring
- Balcony
- Accessible Full Bathroom
About This Home
As of October 2023Please do not trespass on property or disturb tenants without a scheduled showing. Excellent cash-flowing investment opportunity and upside in this 8-unit building. All units are 2/1 with identical layouts. storage lockers, and shared coin-op laundry in basement. Currently under-rented due to long-term tenants in place. Pro forma rents $1,250/unit = $120,000 gross annual rents resulting in a potential 9.0%+ cap rate and a 10.0%+ cash on cash return. Well located on the East side of Madison across from Warner Park with easy access to schools, grocery, and downtown Madison. Leases available upon request. 2410 units 3 & 4 are vacant and have not been updated. Vacant units will need turnover work. New boiler 2021, new coin-op W/D 2022. Various updates throughout most units done in 2022-2023.
Last Buyer's Agent
Tara Neuheisel
RL Realty Group License #82851-94
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,065
Year Built
- Built in 1965
Lot Details
- 12,197 Sq Ft Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2-Story Property
- Open Floorplan
- Family Room
- Wood Flooring
Kitchen
- Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- Main Floor Bedroom
- Bathroom on Main Level
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Shared Basement
Parking
- 8 Open Parking Spaces
- Driveway Level
- Outside Parking
Accessible Home Design
- Accessible Full Bathroom
- Accessible Bedroom
- Low Pile Carpeting
Outdoor Features
- Balcony
- Outdoor Storage
Location
- Property is near bus stop
Schools
- Emerson Elementary School
- Sherman Middle School
- East High School
Utilities
- Central Air
- Radiant Heating System
- Separate Meters
- Individual Controls for Heating
- High Speed Internet
Community Details
- 8 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 080936403304
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 1, 2023
Closed on
Sep 6, 2023
Sold by
Davidson Family Trust
Bought by
Mueller Joseph
Seller's Agent
Cheng Real Estat Group
Real Broker LLC
Buyer's Agent
Tara Neuheisel
RL Realty Group
List Price
$899,000
Sold Price
$799,000
Premium/Discount to List
-$100,000
-11.12%
Views
206
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,013
Original Mortgage
$536,182
Outstanding Balance
$522,419
Interest Rate
7.23%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 3, 2021
Closed on
Nov 18, 2021
Sold by
Schwartz William J and Schwartz Marjorie M
Bought by
Davidson Family Trust
Seller's Agent
David Keller
Keller Real Estate, LLC
Buyer's Agent
Alison Kane
Stark Company, REALTORS
List Price
$799,000
Sold Price
$815,000
Premium/Discount to List
$16,000
2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.05%
Original Mortgage
$652,000
Interest Rate
2.99%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mueller Joseph | $799,000 | None Listed On Document | |
| Davidson Family Trust | $815,000 | Knight Barry Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mueller Joseph | $536,182 | |
| Previous Owner | Davidson Family Trust | $652,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2023 10/06/23 | Sold | $799,000 | 0.0% | $285 / Sq Ft | |
| 08/03/2023 08/03/23 | Price Changed | $799,000 | -2.6% | $285 / Sq Ft | |
| 07/25/2023 07/25/23 | Price Changed | $820,000 | -5.2% | $293 / Sq Ft | |
| 06/14/2023 06/14/23 | Price Changed | $865,000 | -3.8% | $309 / Sq Ft | |
| 06/01/2023 06/01/23 | For Sale | $899,000 | +10.3% | $321 / Sq Ft | |
| 11/18/2021 11/18/21 | Sold | $815,000 | +2.0% | $291 / Sq Ft | View Prior Sale |
| 09/03/2021 09/03/21 | For Sale | $799,000 | -- | $285 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,188 | $819,000 | $41,000 | $778,000 |
| 2024 | $27,945 | $794,000 | $41,000 | $753,000 |
| 2023 | $14,809 | $815,000 | $41,000 | $774,000 |
| 2022 | $32,162 | $815,000 | $41,000 | $774,000 |
| 2021 | $12,698 | $573,000 | $41,000 | $532,000 |
| 2020 | $12,665 | $546,000 | $41,000 | $505,000 |
| 2019 | $12,067 | $520,000 | $41,000 | $479,000 |
| 2018 | $11,135 | $497,000 | $41,000 | $456,000 |
| 2017 | $10,487 | $452,000 | $41,000 | $411,000 |
| 2016 | $11,472 | $481,000 | $37,000 | $444,000 |
| 2015 | $11,012 | $436,000 | $37,000 | $399,000 |
| 2014 | $10,485 | $436,000 | $37,000 | $399,000 |
| 2013 | $10,322 | $423,000 | $37,000 | $386,000 |
Source: Public Records
Agents Affiliated with this Home
-
Cheng Real Estat Group
-
Alison Kane
Seller Co-Listing Agent in 2023
Alison Kane
Stark Company, REALTORS
(608) 212-1962
2 in this area
161 Total Sales
-
T
Buyer's Agent in 2023
Tara Neuheisel
RL Realty Group
-
David Keller
Seller's Agent in 2021
David Keller
Keller Real Estate, LLC
(608) 227-6543
1 in this area
12 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1956856
APN: 0809-364-0330-4
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