Active

1021 Grandview Ave

Tomah WI, 54660

$1,825,000


$101.39 per sqft

Active

18,000 sqft

Multi-family

Built in 2005

Courtesy of eXp Realty LLC, 8668486990 

Fantastic value-add opportunity to own this turnkey 16-unit with 16 garages. Incredibly well-kept and managed properties. (5) 1BR units, (9) 2BR units, (2) 3BR units, 16 garages rented at $65/garage. 6 coin-op washers and dryers. Four of the 2BRs have private laundry rooms. New roofs on building and garages. Seller expenses low due to self-managing. Assuming normal expenses and increasing to market rents, property nearly an 8 cap! Market rents show $18,430/mo. Seller financing/Owner financing on 1022 Grandview also available! With full-price offer for 1021 Grandview seller would also lease-option 16-unit at 1022 Grandview(8 garages) at an option price of $1,675,000, $100,000 option fee and interest-only for 24 months. Market rents show $16,500/mo. Seller will manage for 6 months.

1894653

MLS ID

October 3, 2024

Listed

January 27, 2025

Updated

Map

1021 Grandview Ave
Tomah WI, 54660

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.1 Acres


Lot Features

Waterfront


Sewer

Public Sewer

School Information

High School

Tomah

Other Property Details

Garage

No


View

No


County

Monroe


Water Source

Public


Pool

No


Waterfront

Yes


Zoning

COMM

Listing History

Date

Event

Price

1/2/2025

Price change

$1,825,000

-48%

12/3/2024

Price change

$3,500,000

-6%

Courtesy of eXp Realty LLC

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