Residential Income Property with
For Sale
$600,000
2 Sebring Court, Madison, WI 53719
Updated 55+ community residence offering main-level living, flexible lower-level space, and a private outdoor courtyard.
Property Size2,780 SF
Price / SF$215.83
Days on Market190
Property Features for 2 Sebring Court
General Information
Standard status
Active
Size
2,780 SF
Total Parking Spaces
2
Property subtype
Condo / Ranch-1 Story
Zoning
Res
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,696
Amenities
Seller personal property
Double Oven/Stove, Refrigerator, Dishwasher, Microwave, Water Softener, Window Treatments, Garage Cabinets
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Great room, Vaulted ceiling, Skylight(s), Washer, Dryer, Water softener included, Cable/Satellite Available, Internet - Cable, Internet -Fiber Available
Stucco
Gas, 1 fireplace
Private Entry, Deck/Balcony, Patio, Cul de Sac
Building Details
Year Built
1996
Listing Agency:
The Kruse Company, REALTORS
Listed By:
Beth Brockish · License #49589-90
(608) 231-5151
Source:
Compass
Added: Apr 11
Changed: Oct 16
Last Checked: Oct 16 at 10:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Kruse Company, REALTORS
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Investment Insights
Based on property information with market context.
This residential income property provides 2,780 SF of living space in a 1996-built residence within a 55+ community. The main level combines hardwood flooring, vaulted ceilings, a stone fireplace, and abundant natural light with an updated kitchen featuring a walk-in pantry and coffee nook. The owner’s suite includes a beamed ceiling, walk-in closet, and deck access.
The lower level adds an open entertainment area, third bedroom, full bathroom, substantial storage, and a walkout to a private courtyard. A two-car garage provides enclosed parking and additional cabinets. The property is positioned on a cul-de-sac at 2 Sebring Court in Madison, with shopping, restaurants, and activities nearby. Res zoning is identified for the property.
The lower level adds an open entertainment area, third bedroom, full bathroom, substantial storage, and a walkout to a private courtyard. A two-car garage provides enclosed parking and additional cabinets. The property is positioned on a cul-de-sac at 2 Sebring Court in Madison, with shopping, restaurants, and activities nearby. Res zoning is identified for the property.
Key Highlights
- 2,780 SF residential income property in a 55+ community
- Two‑car garage with additional garage cabinets
- Main‑level owner’s suite with beamed ceiling, walk‑in closet, and deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,100
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,000
$682.0K
Cap Rate 7%
$487,143
$487.1K
Cap Rate 9%
$378,889
$378.9K
Market Conditions
NOI Build-Up for 2,780 SF
Gross rent
$64.7K $23.28/SF
− Vacancy
−$2.7K −$0.98/SF
EGI
$62.0K $22.30/SF
− OpEx
−$27.9K −$10.04/SF
NOI
$34.1K $12.27/SF
Area
Madison, WI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,000
Cap Rate 7%
$487,143
Cap Rate 9%
$378,889
Alternative Uses
Best Use
Apartment 5plus
$487.1K
$426.3K – $568.3K
NOI $34,100 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$812.1K
$710.6K – $947.4K
NOI $56,845 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 53719, WI
32,151
Population
16,160
Households
2
Avg Household Size
35
Median Age
61%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
3,152
Density / Sq Mi
$92,223
Median Household Income
$59,334
Median Earnings
$1,429
Median Rent
$349,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated 55+ community residence offering main-level living, flexible lower-level space, and a private outdoor courtyard.
Where is this residential income property located?
The property is located at 2 Sebring Court Madison, WI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,780 SF residential income property in a 55+ community; Two‑car garage with additional garage cabinets; Main‑level owner’s suite with beamed ceiling, walk‑in closet, and deck
