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1070-1086 W 4th Ave,  Monroe,  WI  53566 $3,600,000 Sold
1070-1086 W 4th Ave,  Monroe,  WI  53566
$3,600,000
Sold
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 Property Type Multi Family
 Parcel # 232-5123-9716
 County Green
 Sub Area H15
 Municipality Monroe
 MLS# 1845189
 Listing Date 11/05/2018
 Sold Price $3,100,000
 Close Date 07/24/2019 12:00 AM

MLS Public Remarks  Monroe apartments with 64 units - 40-1 bedroom units & 24-2 bedroom units. Well cared for and high occupancy rate. Good location. Property is in Rural Development USDA low income housing program. Rural Development would consider applications to rehab property. Is eligible for low income rent assistance program.
Documents and Related Links  
1) Certified Survey Map
2) Opportunity Zoning Map
3) Opportunity Zoning Questions & Answers
4) Multi Family Housing
5) Prepayment Options
6) Transfer Talking Points
7) Deed Restrictions
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Monroe
  • C/T/V  City
  • Unit #  
  • Directions  Take Hwy 69 To Monroe To Cty N. Take 6th Ave W Exit From Hwy 11. Take Left On 8th St. Take Right On 4th Ave W
    • BUILDING INFO  
  • Number of Units  64
  • Year Built  1980
  • # Furnaces  0
  • Heating Type  Rad Elec
  • Heating Fuel  Elec
  • # Water Heaters  8
  • # Water Softeners  0
  • # Stoves  64
  • # Refrigerators  64
  • # Dish Washers  0
  • # Washers  0
  • # Dryers  0
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  40
  • Number of 2 Bedrooms  24
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  234949
  • Net Operating Inc  147274
  • Year  2017
    • ASSESSMENT/SCHOOLS   
  • School District  Monroe
  • High School  Monroe
  • Middle  Monroe
  • Elementary  Monroe
  • Land Assessment  $100,200
  • Improvements  $955,800
  • Total Assessment  $1,056,000
  • Net Taxes  $27,492
  • Assessment Year  2017
  • Tax Year  2017
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  R-3
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  5.0
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Eat-in kitchen, Individual heat control, Range/oven, Refrigerator
  • Unit 2  Eat-in kitchen, Individual heat control, Range/oven, 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 various $500 650 1 Space No No Yes
    2 2 1 0 various $540 910 2 Space No No Yes
    3 0 0 0 - $0 0 - - - -
    4 0 0 0 - $0 0 - - - -
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  None, Poured Concrete Foundation
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  1 space, 2 spaces, Outside
  • Barrier-free Features  First floor bedroom, First floor full bath, Level drive, Level lot, Open floor plan, Ramped or level entrance, Width of hallways 42"+
  • Exterior  Wood
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  Income/Exp Report Avail
  • Miscellaneous  Shared laundry, Water Softener Rented



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Century 21 Affiliated Pfister