0.32
Acres
$1,325,000
Price
Well-maintained 8-unit brick apartment building with additional commercially zoned land included, offering future development or expansion potential. This property presents multiple value-add and long-term upside opportunities. The building itself is fully leased with year-to-year leases in place, providing immediate and stable cash flow. Recent capital improvements include a newer roof, updated mechanical systems, and a newer coin-operated laundry system for supplemental income. Each unit features separate electric meters, helping keep operating expenses efficient and transparent. Tenants benefit from basement storage units, adding everyday functionality and desirability. The property also offers a surface outdoor parking lot for convenient tenant parking. Solid brick construction, consistent rental history, and excess commercially zoned land make this a compelling opportunity for investors seeking income today with flexibility for future growth.
Listing #2017059
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Specifications and Property Information
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General Info
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|---|---|
| Listing Status | Active |
| Acreage | 0.32 Acres |
| Heating / Cooling | Radiant, |
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Features
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|---|---|
| Year Built | 1976 |
| County | Dane |
| Elementary School | Mount Horeb |
| Middle School | Mount Horeb |
| High School | Mount Horeb |
| Exterior | Brick |
| Property Type | Multi Family |
| Zoning | R3 |
| Property Tax | $14,286 (2024) |
Listing provided courtesy of Stark Company, REALTORS
Listing Agent Email: personnel@starkhomes.com
Listing Agent Phone: (608) 256-9011
This information, provided by seller, listing broker, and other parties, may not have been verified.
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