Bought with Spenser Nickelatti
$1,797,625
$1,825,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
1021 Grandview AVENUE Tomah, WI 54660
18,000 SqFt
Key Details
Sold Price $1,797,625
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $99
Municipality TOMAH
MLS Listing ID 1894653
Sold Date 03/26/25
Year Built 2005
Annual Tax Amount $20,827
Tax Year 2024
Lot Size 1.100 Acres
Acres 1.1
Property Description
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.
Location
State WI
County Monroe
Zoning COMM
Rooms
Basement None / Slab
Interior
Heating Electric
Cooling Wall/Sleeve Air
Equipment Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater
Exterior
Exterior Feature Vinyl
Parking Features Indoor Space
Waterfront Description Pond
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
Middle Schools Tomah
High Schools Tomah
School District Tomah Area
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