$600,000

623 Vine St

Wisconsin Dells WI, 53965

Description

Well maintained 8-unit multifamily. All 2 bed/1 bath units. 2 vacant units both w/new carpet, paint & some appliances. Rent is low, but market is $850+/unit/mo & new lease has established that - building above par for market rent. Tenants pay heat & separate electric. Newer roof on building, coin-op laundry, & new windows in 2 units. 7 parking spaces off-street. Walk downtown, 2 blocks off Broadway. Dry, solid block basement w/locking storage units. Good AirBnB potential for boosted income. Financials & pro forma at market rent & full occupancy w/5% vacancy factor, professional management & historical actual expenses. See documents for rent roll, expenses and pro forma. 1031 transaction for Seller. Separate 40 gallon water heaters. 7.9% cap rate at market rent.

Details

MLS#1665816
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1970
Days On Site118

Features

Units8
Building(s)1

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Area Information

StateWI
CountyColumbia
CityWisconsin Dells
Zip Code53965
AreaColumbia
Listing VS Median (in 53965)
Price:
$600,000
low | high
Med:
$256,675
100% of Average
On Site:
118
low | high
Med:
157
75.15923566879% of Average
Listing Updated: 02/23/2020
MLS Number: 1665816
Listing Provided By:
Jay D Schmidt  of  Keller Williams Realty-Milwaukee North Shore
Listing data provided by Metro MLS. Copyright {{year}}, Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing