WILLIAMSTOWN BAY EAST
Williamstown Bay East is a 26-unit older-adult property located just east of Stoughton Road in Madison. The property is comprised of 22 one-bedroom and 4 two-bedroom units. Williamstown Bay East was developed under the Section 42 tax credit program but is now operated as market-rate housing and is offered to investors on a ‘free and clear’ basis. Current in-place average rents fall below the 50% county median income (CMI) levels in Dane County, providing considerable rent upside. The subject property is a stable, turnkey senior building priced below 60% of replacement cost.