Bought with NON MLS
For more information regarding the value of a property, please contact us for a free consultation.
623 Vine St Wisconsin Dells, WI 53965
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $575,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1665816
Sold Date 08/24/20
Year Built 1970
Annual Tax Amount $6,635
Tax Year 2018
Lot Size 10,454 Sqft
Acres 0.24
Property 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.
Location
State WI
County Columbia
Zoning C-1
Rooms
Basement None
Interior
Heating Electric, Other
Cooling Electric, Other
Flooring No
Exterior
Exterior Feature Brick, Wood
Garage Outdoor Space
Water Access Desc Lake
Roof Type Composition
Building
Water Municipal Sewer, Municipal Water
Schools
Middle Schools Spring Hill
High Schools Wisconsin Dells
School District Wisconsin Dells
Read Less
Copyright 2024 Multiple Listing Service, Inc. - All Rights Reserved