623 Vine St, Wisconsin Dells, WI$600,000
John Vivian
Phone: (414) 588-6090
Fax: (262) 229-2564
Cell: (414) 588-6090
jvivian@thevivianrealtygroup.com

Listing Provided By:
Jay D Schmidt  of  Keller Williams Realty-Milwaukee North Shore
MLS#:1665816
Year:1970
SQ Feet:0
Golf Course:
Status:Active
Building(s):1
Units:8
Property View:No
Water Front:

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.


Updated: 02/23/2020
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