2423 American Lane new Save Request In-Person Tour Request Virtual Tour
Madison,WI 53704
Key Details
Property Type Commercial
Sub Type Office
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
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
Area Madison - C E06
Zoning Office
Direction Left onto E Wash Ave/US 151 S to Aberg toward Airport to Packers, R on International, L on American
Rooms
Basement Slab/None
Interior
Heating Forced air
Cooling Forced air
Exterior
Parking Features 36-55 spaces
Roof Type Partially flat
Building
Story 1
Water Municipal water
Structure Type Wood,Brick
Others
SqFt Source Appraiser
Energy Description Natural gas
Acceptable Financing Land contract,Short sale,REO
Listing Terms Land contract,Short sale,REO