49
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$2,575,000
Est. payment /mo
18,720 SqFt
Price Dropped by $75K
1550 James Dr Sparta, WI 54656
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Daniel Bertelson
danielbertelsonbroker@chime.meUPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,720 sqft
Price per Sqft $137
MLS Listing ID 1914955
Year Built 2020
Annual Tax Amount $35,732
Tax Year 2024
Lot Size 1.360 Acres
Acres 1.36
Property Description
4 buildings, 20 - 2 bed, 1 bath units, 13 garages. Well located, great rental history, extremely low vacancy rate, low maintenance costs, tenant paid utilities, and all pet free. These building have been well maintained and updated over the last 20 years. Building D was built in 2020 and is ADA compliant. At that time, concrete for sidewalks was added and the parking lot expanded with new blacktop. Building B and C, windows, decks, doors and entrances have been redone within the last 10 years. All units have washer/dryer hook ups expect the second floor of Building A, however, there is room for a 2 sets of coin operated units on the second floor. All tenants are month to month. A great investment, fully occupied and the ability to raise rents to market rates.
Location
State WI
County Monroe
Zoning COM
Rooms
Basement Crawl Space Only, None / Slab
Interior
Heating Electric
Cooling Wall/Sleeve Air
Inclusions 19 stoves (1 tenants has purchased their own), 20 refrigerators, 12 wall unit AC's
Equipment Seller Owned: Water Heater
Exterior
Exterior Feature Vinyl
Parking Features Indoor Space
Building
Dwelling Type Apartment Building
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Sparta Area
Others
Acceptable Financing Seller May Assist
Listing Terms Seller May Assist
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Listed by McClain Realty
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Daniel Bertelson