130 Forest Ave - Apartments FOR SALE


Fond Du Lac, WI 54935- Downtown Fond du Lac
$1,780,000 USD
414-788-0449
130 Forest Ave, Fond Du Lac, WI for Sale
$1,780,000 USD
Apartments - FOR SALE
1/58
null | 6.05% Cap Rate

130 Forest Ave
Fond Du Lac, WI 54935
Downtown Fond du Lac


OVERVIEW

The El Dorado is for sale! This occupied 28 unit apartment building is in the heart of Fond du Lac, Wisconsin. ASSUMABLE FREDDIE MAC LOAN to well-qualified buyers at 3.7pct locked to 2031, then adjustable until 2041. This classic brick building features 14 large two-bedroom and 14 one-bedroom units, storage lockers, off street parking, and leased coin laundry facilities on the premises. There is nice green space with a playground, patio, and the entire vacant lot to the south. Tenants can walk to the shops and dining on E. Main Street, and to the Fond du Lac YMCA. The units were rehabbed within the past 10 years and there is room for rent growth. It is located in a QUALIFIED OPPORTUNITY ZONE. Listed by Graig Goldman. Contact Graig at 414-788-0449, ggoldman@remax.net with any questions. The Assumable Loan bal is $1,137,000 fixed at 3.7pct until 4/1/2031, then variable until 4/1/2041. There are no rent or other restrictions tied to the loan. Sale includes the vacant lot to south, 88 S Military Rd.

FOR SALE DETAILS

PRICE

$1,780,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

28

PRICE/UNIT

$63,571

CAP RATE

6.05%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Dorado Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

Commercial

APN/PARCEL ID

FDL-15-17-15-21-001-00,FDL-15-17-15-21-003-00

ASK ABOUT THIS PROPERTY

Graig GoldmanRe/Max Service First - Segal / Goldman GroupMore Info
414-788-0449

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Graig GoldmanRe/Max Service First - Segal / Goldman GroupMore Info
414-788-0449

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