Listing Courtesy of: Spenser Nickelatti - eXp Realty LLC
866-848-6990
$1,825,000
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1021 Grandview AVENUE Tomah, WI 54660
Multi-Family
Residence
Beds
Baths
18,000
Sq. Ft.
1.1
Acre
Lot
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Fantastic value-add opportunity to own this turnkey 16-unit with 16 garages. Incredibly well-kept and managed properties. (5) 1BR units, (9) 2BR units, (2) 3BR units, 16 garages rented at $65/garage. 6 coin-op washers and dryers. Four of the 2BRs have private laundry rooms. New roofs on building and... garages. Seller expenses low due to self-managing. Assuming normal expenses and increasing to market rents, property nearly an 8 cap! Market rents show $18,430/mo. Seller financing/Owner financing on 1022 Grandview also available! With full-price offer for 1021 Grandview seller would also lease-option 16-unit at 1022 Grandview(8 garages) at an option price of $1,675,000, $100,000 option fee and interest-only for 24 months. Market rents show $16,500/mo. Seller will manage for 6 months.
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MLS#
WIREX_METRO1894653
Property Type
Multi-Family
Year Built
2005
Square Feet
18,000
sq. ft
Lot Size
1.1
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