1021 Grandview Ave - Apartments FOR SALE


Tomah, WI 54660
$1,825,000 USD
608-498-1323
1021 Grandview Ave, Tomah, WI for Sale
$1,825,000 USD
Apartments - FOR SALE
1/54
null | 6.87% Cap Rate

1021 Grandview Ave
Tomah, WI 54660


HIGHLIGHTS

  • Pristine 16-unit with 16 garages

OVERVIEW

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 only at 20% due to self-managing. Assuming 35% expenses and increasing to market rents, property nearly an 8% cap! Market rents 100% occupied show $18,430/mo in gross rents. 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 6% interest-only for 24 months. Market rents 100% occupied show $16,500/mo in gross rents.

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$22 USD /SF

# OF UNITS

6

PRICE/UNIT

$304,167

CAP RATE

6.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grandview Pines

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

COMM

APN/PARCEL ID

286-00639-9200

ASK ABOUT THIS PROPERTY

Spenser NickelattiOneTrust Real Estate Brokered by Exp RealtyMore Info
608-498-1323

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Spenser NickelattiOneTrust Real Estate Brokered by Exp RealtyMore Info
608-498-1323

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.