623 Vine St., Wisconsin Dells, WI 53965

623 Vine St., Wisconsin Dells, WI 53965
Photo 1 of 20
Sold on 8/24/20
Beds Baths Sq. Ft. Taxes Built
0 $6,635 1970
On the market: 300 days
View full details, 15 photos, school info, and price history
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.
Listing courtesy of Keller Williams Realty-Milwaukee North Shore