Bought with eXp Realty LLC
$1,797,625
$1,825,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
1021 Grandview Ave Tomah, WI 54660
1.1 Acres Lot
Key Details
Sold Price $1,797,625
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1894653
Sold Date 03/26/25
Year Built 2005
Annual Tax Amount $20,827
Tax Year 2024
Lot Size 1.100 Acres
Acres 1.1
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.
Location
State WI
County Monroe
Zoning COMM
Rooms
Basement None
Interior
Heating Electric, Wall/Sleeve Air
Cooling Electric, Wall/Sleeve Air
Flooring No
Exterior
Exterior Feature Vinyl
Parking Features Extra Space Avail., Indoor Space, Outdoor Space
Water Access Desc Pond
Building
Water Municipal Sewer, Municipal Water
Schools
Middle Schools Tomah
High Schools Tomah
School District Tomah Area
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