1305 N Superior Ave - Apartments FOR SALE


Tomah, WI 54660
$1,400,000 USD
608-387-2801
1305 N Superior Ave, Tomah, WI for Sale
$1,400,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1305 N Superior Ave
Tomah, WI 54660


HIGHLIGHTS

  • Exceptional Condition
  • High Traffic Area
  • Positive Cash Flow

OVERVIEW

Discover this one of a kind investment opportunity. This 15 unit motel, located on a prime main highway with the city limits, offers charm, convenience and a steady income stream with many units rented month to month. Each unit boasts a unique theme, such as The Diva Den, Paris Chateau, The Badger Suite, Down by the Sea, Space Odyssey, and more. Sale includes all furniture, TVs, linens, dishes and decor. It's been freshly painted and upated in the last four years. A spacious 2 bedroom apartment is perfect for owner-operator or additional rental income.There's an additional 16 storage units that are rented, plus one used by owner and three sheds that generate monthly rental revenue. Property is inspected every two years as a motel, ensuring compliance and upkeep. This property is a perfect mix of charachter, functionality and income potential. Don't miss out on this rare gem. Financials will be given upon receipt of signed confidentiality agreement and pre approval.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

15

PRICE/UNIT

$93,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Badger Square

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

Business

APN/PARCEL ID

286-02661-0000

ASK ABOUT THIS PROPERTY

Diana GerkeFirst Weber CommercialMore Info
608-387-2801

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Diana GerkeFirst Weber CommercialMore Info
608-387-2801

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