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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