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Active
$352,000
/mo Edit
Commercial:  Apartments/Retail
Built 1900
0.14 acres
MLS# 6417309
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    Property Description

    If you are looking for rental to add to your portfolio or just looking to start in the rental business, come take a look at this beautiful property with great rental history and is maintenance free. This property was completely renovated in 2015 and no expenses were spared when the seller completed the renovations. There is hardwood, luxury vinyl, tile and carpet flooring. The roof is steel and rubber the exterior walls are brick and metal, so no painting needed. Features three 2-bedroom apartments and 2 very nice store fronts. Come take a look before some other savvy investors buys it.

    Listing

    Contingency: None
    City: Alma
    County: Buffalo
    State: WI
    Property Style: Apartments/Retail
    Zip Code: 54610
    Subdivision Name: Probst & Wenger Add

    Interior

    Ceiling Height: 8-10
    Ranges: Three
    Refrigerators: Three
    Appliances Included:
    • Dishwasher
    • Dryer
    • Exhaust Fan
    • Fuel Tank - Rented
    • Microwave
    • Range
    • Refrigerator
    • Washer
    Basement Details: Stone/Rock

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 8
    Air Conditioning: Central Air
    Foundation Size: 3,386 ft2
    Foundation Dimensions: 50x66
    Handicap Accessible: Doors 36"+
    Heating System: Forced Air
    Parking Features: Paved
    Shared Amenities:
    • Coin-op Laundry Owned
    • Fire Sprinkler System
    Unit Amenities:
    • Ceiling Fan(s)
    • Deck
    • Hardwood Floors
    • Indoor Sprinklers
    • Natural Woodwork
    • Patio
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Metal Siding
    Roof Details:
    • Age 8 Years or Less
    • Metal
    • Rubber

    Lot & Land

    Acres: 0.14
    Geolocation: 44.32048100, -91.91460100
    Inclusions: Building, Fixture/Equipment, Leases
    Lot Dimensions: Irregular
    Zoning: Business/Commercial

    Farm

    Topography: Level

    Schools

    School District: W84
    District Phone: 608-685-4416

    Expenses

    Annual Gross Expense: $14,377
    Tenant Expenses: Cable TV, Electricity, Fuel, Trash Collection

    Financial & Taxes

    Tax Year: 2022
    Annual Taxes: $5,139
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,139

    Income

    Annual Gross Income: $36,665

    Rent

    Annual Net Income: $22,328

    Units

    Total Units: 5

    Miscellaneous

    Current Use:
    • Commercial
    • Residential
    • Retail
    Fuel System: Propane
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.