$503,000
$475,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
5,227 Sqft Lot
SOLD DATE : 05/22/2024
Key Details
Sold Price $503,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6515753
Sold Date 05/22/24
Year Built 1870
Annual Tax Amount $2,943
Tax Year 2023
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions irreg
Property Sub-Type Apartment
Property Description
Great investment opportunity! This 8 unit secure building is fully rented. There are four 1 bedroom/1 bath units and four 2 bedroom/1bath units. Monthly rental income is $5,750 and most units are currently rented below market rent. Renters in 6 of the units pay their own electric. All utilities are included in 2 units. Renters have access to coin operated laundry in the basement. There is plenty of room for storage in the full basement as well. The roof was replaced in 2016. Siding needs some attention but there is a ton of potential to grow the value and profitability of this unit.
Location
State WI
County Douglas
Zoning Residential-Multi-Family
Rooms
Basement Full, Concrete, Unfinished
Interior
Heating Boiler, Hot Water
Cooling None
Fireplace No
Exterior
Parking Features On-Street Parking Only
Utilities Available Electric Separate
Present Use Residential
Building
Story Two
Foundation 1852
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Other
Schools
School District Superior
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