Properties

Listing courtesy of Melges Real Estate
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.

Features
: None
: Indoor Space, Outdoor Space, Extra Space Avail
: Municipal Sewer
: Pond
Address Map
US
WI
Monroe
Tomah
54660
Grandview
1021
Ave
W91° 29' 57.7''
N44° 0' 2.3''
East on E Veterans, South on Grandview
Neighborhood
Tomah
Tomah
Tomah Area
Additional Info
eXp Realty LLC
Spenser Nickelatti
Additional Information
2024-10-03
3500000
: Municipal Water
18000
: Vinyl
Listing Information
5560
Active
2025-01-10T20:49:58Z
MetroMLS
2024-10-03T23:51:54Z
l83357

Residential Income For Sale

1022 Grandview Ave, Tomah, Wisconsin 54660

1.10 Acre
$1,825,000
Listing ID #1894653
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 1894653
Price : $1,825,000
Year Built : 2005
Lot Area : 1.10 Acre
Listing Status : Active
Property Sub Type : Multi-Family
Waterfront Yn : 1
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