1040 7th Ave - Apartments FOR SALE


Baldwin, WI 54002
$315,000 USD
1040 7th Ave, Baldwin, WI for Sale
$315,000 USD
Apartments - FOR SALE
1/21
null | 8.89% Cap Rate

1040 7th Ave
Baldwin, WI 54002


HIGHLIGHTS

  • All Newer Windows
  • Brand New Exterior Siding on the north side
  • Tenants pay for their own electric and gas heat / Owner just pays water & trash

OVERVIEW

Baldwin apartments is a fully stabilized 4-unit located a block off the busy main street. With it being 100% occupied this property is easy to keep full offering one & two bedroom units. All residents pay for their own unit electric and gas for heat. The owner just pays for water and trash. Built around the turn of the century the units are spacious and have some original hardwood floors, original trim, and tall ceilings. A lot of newer vinyl replacement windows. Plenty of off-street parking on the side of the property. Rents are currently below market and have room to organically improve! Net operating income $20,113+

FOR SALE DETAILS

PRICE

$315,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

4

PRICE/UNIT

$78,750

CAP RATE

8.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,740 SF

ZONING

Multi-Family

APN/PARCEL ID

106-1007-40-000

ASK ABOUT THIS PROPERTY

Nathan OpatzApartment Cash Flow, IncMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Nathan OpatzApartment Cash Flow, IncMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.