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804 25th Street,  Brodhead,  WI  53520 $1,200,000 Active
804 25th Street,  Brodhead,  WI  53520
$1,200,000
Active
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 Property Type Business/Commercial
 Parcel # 206-2325.1000
 County Green
 Sub Area H05
 Municipality Brodhead
 MLS# 1971916
 Listing Date 02/29/2024

MLS Public Remarks  Lucrative investment opportunity: 7 One-Bedroom residential units + large commercial space currently utilized as a thriving salon. Each unit features a spacious kitchen, cozy gas fireplace, central air, in-unit laundry, and off-street parking. Located in a great location with easy access to amenities and highway, this property presents a unique chance to diversify your investment portfolio. With stable rental demand for residential units and endless possibilities with the commercial space, seize the opportunity to maximize returns and secure long-term growth. Solon business and assets are included with the sale.
Documents and Related Links  
1) Condition Report
2) Rent Roll
3) Income & Expenses
4) Features
5) Salon Items Per Seller
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Brodhead
  • C/T/V  City
  • Unit #  
  • Directions  First Center Ave To East On 25th St
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  8
  • Building Gross SqFt  10,122
  • Net Leasable SqFt  10,122
  • Year Built  1996
  • Source for Year Built  PubR
  • Approx Bldg Dimen  64'x79'
  • Street Frontage  188
  • Parking Fees/Mo.  $0
  • Onsite Parking  45
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  Mixed-Use
  • Est. Total Acres  0.65
  • Source Of Est Acres  PubR
  • Lot Dimensions  150'x188'
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $64,600
  • Assessment Year  2023
  • Net Taxes  $10,042
  • Tax Year  2023
  • Improvements  $469,700
  • Total Assessment  $534,300
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,023
  • Gross Operating Income  $101,700
  • Annual Operating Exp  $24,246
  • Net Operating Income  $77,454
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 multiple TBD No $0 $0 $0 5,056
    2 year 10/31/2024 No $8,700 $12 $0 723
    3 year 08/31/2024 No $8,400 $12 $0 723
    Items Included all salon business items and inventory, 8 refrigerators, 7 dishwashers, 7 range/ovens, 8 washers, 8 dryers, 1 water softener
    Items Excluded  Tenants' & Seller's personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  11-20 persons
    • EXTERIOR FEATURES  
  • Type   Apartment building, Office, Retail, Service
  • Exterior Treatment  Brick, Vinyl, Wood
  • Building Parking  36-55 spaces, Onsite, Paved
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Fixtures & equipment, Inventory list, Lease(s), Property Condition Report
  • Location  Business district, Free standing, Near Major Highway
  • Tenant Pays  Air Conditioning, Electric, Heat, Sewer, Water
  • Present Use  Apartment building, Office, Retail, Service
  • Licenses  
  • Lease Type  Mixed lease types
  • Occupied by  Owner, Tenant(s)
  • Sale Includes  Equipment, Inventory, Lease(s), Other
  • Features  Public rest rooms, Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Exit Professional Real Estate