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 City
Other Marketing Area
Mailing City Reedsburg
C/T/V City
Unit #
Directions Main Street Reedsburg To North On Walnut. Property On Left.
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
Land Assessment $51,800
Assessment Year 0
Net Taxes $16,855
Tax Year 2015
Improvements $668,200
Total Assessment $0
Income/Expenses Year $2,015
Gross Operating Income $110,700
Annual Operating Exp $11,541
Net Operating Income $99,159
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
Heating/Cooling Forced air
Water/Waste Municipal sewer, Municipal water
Basement
Fuel Electric
Seating Capacity
Type Apartment building
Exterior Treatment
Building Parking 21-35 spaces, Onsite, Paved
Roofing Composition, Rubber/membrane
Terms/Option
Miscellaneous
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