402 Rustic Dr - Formerly Emerson Senior Living
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402 Rustic Dr - Formerly Emerson Senior Living
10,914 SF Health Care Building Offered at $1,495,000 at a 12.11% Cap Rate in Madison, WI 53718
Investment Highlights
- Flexible space useage
- Prime investment opportunity
Executive Summary
Ten bedrooms and 9.5 baths. Previously used as a licensed adult family home. There are 5 studio suites with kitchenettes, full accessible private bathrooms, and minisplit (private HVAC). Private office, Open floor plan, large kitchen with walk-in pantry. 3 additional main floor bedrooms and 3 full baths. 2 rooms have a jack/jill bath to share, one is a full suite with full kitchen and stubbed for shower & toilet and his/hers walk in closets, 3 bedroom has a bath just next to it but not adjoining. Finished lower level with 1 bedroom, kitchen, living room 3 sided fireplace, separate entrance from garage. Two additional rooms with closets but not legal bedrooms. Screened porch, ADA ramps, basketball count in backyard.
Property Facts
| Price | $1,495,000 | Lot Size | 1.18 AC |
| Price Per Bed | $149,500 | Building Size | 10,914 SF |
| Sale Type | Investment or Owner User | No. Beds | 10 |
| Cap Rate | 12.11% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2001 |
| Property Subtype | Congregate Senior Housing | Parking Ratio | 0.64/1,000 SF |
| Building Class | C |
| Price | $1,495,000 |
| Price Per Bed | $149,500 |
| Sale Type | Investment or Owner User |
| Cap Rate | 12.11% |
| Property Type | Health Care |
| Property Subtype | Congregate Senior Housing |
| Building Class | C |
| Lot Size | 1.18 AC |
| Building Size | 10,914 SF |
| No. Beds | 10 |
| No. Stories | 1 |
| Year Built | 2001 |
| Parking Ratio | 0.64/1,000 SF |
Room Mix Information
| Description | No. Beds |
|---|---|
| - | 8 |
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PROPERTY TAXES
| Parcel Number | 0710-024-0192-6 | Improvements Assessment | $900,000 |
| Land Assessment | $130,000 | Total Assessment | $1,030,000 |
PROPERTY TAXES
Parcel Number
0710-024-0192-6
Land Assessment
$130,000
Improvements Assessment
$900,000
Total Assessment
$1,030,000
zoning
| Zoning Code | SR-C1 (Residential, Senior Living) |
| SR-C1 (Residential, Senior Living) |
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Lori Schilling -
Sprinkman Real Estate
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402 Rustic Dr - Formerly Emerson Senior Living
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