1550 James Dr - Apartments FOR SALE


Sparta, WI 54656
$2,650,000 USD
608-269-3344
1550 James Dr, Sparta, WI for Sale
$2,650,000 USD
Apartments - FOR SALE
1/56
null | 8% Cap Rate

1550 James Dr
Sparta, WI 54656


HIGHLIGHTS

  • Great rental history
  • Very low vacancy rate

OVERVIEW

4 buildings, 20 - 2 bed, 1 bath units, 13 garages. Well located, great rental history, extremely low vacancy rate, low maintenance costs, tenant paid utilities, and all pet free. These building have been well maintained and updated over the last 20 years. Building D was built in 2020 and is ADA compliant. At that time, concrete for sidewalks was added and the parking lot expanded with new blacktop. Building B and C, windows, decks, doors and entrances have been redone within the last 10 years. All units have washer/dryer hook ups expect the second floor of Building A, however, there is room for a 2 sets of coin operated units on the second floor. All tenants are month to month. A great investment, fully occupied and the ability to raise rents to market rates.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$142 USD /SF

# OF UNITS

20

PRICE/UNIT

$132,500

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2020

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

Commercial

APN/PARCEL ID

281-01912-2000

ASK ABOUT THIS PROPERTY

Tegan McClainMcClain RealtyMore Info
608-269-3344

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Tegan McClainMcClain RealtyMore Info
608-269-3344

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