Contact Bunbury at 1-877-233-7356 or
[email protected] for more information about this property.

 Property Type Business/Commercial
 Parcel # 276-1618-00000
 County Sauk
 Sub Area Q25
 Municipality
 MLS# 1777538
 Listing Date 06/01/2016
 Sold Price $595,000
 Close Date 12/09/2016 12:00 AM

MLS Public Remarks  This completely turn-key 18 Unit apartment building is located in downtown Reedsburg. The Historic property consists of 2-solid brick buildings that were converted into character filled apartments in the 1980's. The property has recently undergone a major rehab and is 100% occupied. Recent improvements include a new roof in 2014, majority of HVAC units replaced since 2015, elevator updates in 2015, and some new windows, flooring and cabinets. There is on-site laundry and plenty of off street parking for tenants. All appliances are included. Listed well below 2015 tax assessments.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Reedsburg
  • C/T/V  City
  • Unit #  
  • Directions  Main Street Reedsburg To North On Walnut. Property On Left.
  • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  18
  • Building Gross SqFt  20,473
  • Net Leasable SqFt  20,473
  • Year Built  999
  • Source for Year Built  Othr
  • Approx Bldg Dimen  0x0
  • Street Frontage  273
  • Parking Fees/Mo.  $25
  • Onsite Parking  21
  • # of Stories  4
  • Ceiling Height Min  8
  • Ceiling Height Max  15
  • Number of Loading Docks  0

  • Zoning  Comm
  • Est. Total Acres  0.82
  • Source Of Est Acres  
  • Lot Dimensions  0.82
  • Owner  
  • Tradename  
  • ASSESSMENT & TAXES  
  • Land Assessment  $51,800
  • Assessment Year  0
  • Net Taxes  $16,855
  • Tax Year  2015
  • Improvements  $668,200
  • Total Assessment  $0
  • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,015
  • Gross Operating Income  $110,700
  • Annual Operating Exp  $11,541
  • Net Operating Income  $99,159
  • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 0 0 Yes $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Electric
  • Seating Capacity  
  • EXTERIOR FEATURES  
  • Type   Apartment building
  • Exterior Treatment  
  • Building Parking  21-35 spaces, Onsite, Paved
  • Roofing  Composition, Rubber/membrane
  • Terms/Option  
  • Miscellaneous  
  • OTHER FEATURES  
  • Documents on File  Lease(s), Property Condition Report
  • Location  Residential area
  • Tenant Pays  Air Conditioning, Electric, Heat
  • Present Use  Apartment building
  • Licenses  None
  • Lease Type  Mixed lease types
  • Occupied by  
  • Sale Includes  Lease(s), Other
  • Features  Passenger elevator



  • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Gavin Brothers Auctioneers Llc