Wisconsin Dells, WI 53965,623 Vine St
Wisconsin Dells, WI 53965,623 Vine St
Wisconsin Dells, WI 53965,623 Vine St
20
Listed by Keller Williams Realty-Milwaukee North Shore
Bought with NON MLS
$575,000
$600,000
4.2%
Est.Price: ?

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10,454 Sqft Lot

623 Vine St Wisconsin Dells, WI 53965

Est. payment /mo
SOLD DATE : 08/24/2020

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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

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