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423 Ravine St,  Darlington,  WI  53530 $550,000 Sold
423 Ravine St,  Darlington,  WI  53530
$550,000
Sold
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 Property Type Multi Family
 Parcel # 216-0914-0000
 County Lafayette
 Sub Area M10
 Municipality Darlington
 MLS# 1826809
 Listing Date 04/06/2018
 Sold Price $509,000
 Close Date 02/25/2022 12:00 AM

MLS Public Remarks  Well maintained apartment buildings with great rental history. Two buildings with a total of eight 1-bedroom units and eight 2-bedroom units. Located in nice location on four acres of wooded property. Income of $75360 based on fully rented units. All units currently rented. Don't miss out on this opportunity of a lifetime.
Documents and Related Links  
1) PCR
2) Profit and Loss Statement 2016-2017
3) Darbridge Info Sheet
4) maps
5) USDA Docs
6) TH Article
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Darlington
  • C/T/V  City
  • Unit #  
  • Directions  From Hwy 23, Head West Onto Ravine Street. Properties Are On Your Left.
    • BUILDING INFO  
  • Number of Units  16
  • Year Built  1980
  • # Furnaces  0
  • Heating Type  Rad Elec
  • Heating Fuel  Elec
  • # Water Heaters  2
  • # Water Softeners  2
  • # Stoves  16
  • # Refrigerators  16
  • # Dish Washers  0
  • # Washers  4
  • # Dryers  4
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  8
  • Number of 2 Bedrooms  8
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  50123
  • Net Operating Inc  25237
  • Year  25327
    • ASSESSMENT/SCHOOLS   
  • School District  Darlington
  • High School  Darlington
  • Middle  Darlington
  • Elementary  Darlington
  • Land Assessment  $35,000
  • Improvements  $353,900
  • Total Assessment  $388,900
  • Net Taxes  $13,022
  • Assessment Year  2016
  • Tax Year  2016
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  com
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  4.0
  • Source for Est. Total Acres  Othr
    • UNIT INFORMATION  
  • Unit 1  Range/oven, Refrigerator
  • Unit 2  Refrigerator
  • Unit 3  
  • Unit 4  
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 1 1 0 varies $370 728 2 Space No No Yes
    2 2 1 1 varies $415 1,008 2 Space No No Yes
    3 0 0 0 - $0 0 - - - -
    4 0 0 0 - $0 0 - - - -
    Items Included 16 stoves, 16 refrigerators, 4 coin-operated washers, 4 coin-operated dryers, 2 water softeners
    Items Excluded  Window wall air conditioning units. Personal property of the tenants.
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  None
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  2 spaces, Outside
  • Barrier-free Features  
  • Exterior  Brick, Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep gas meters each unit
  • Legal Documents  Condition report on file, Income/Exp Report Avail, Lease(s) on file
  • Miscellaneous  Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Jon Miles Real Estate