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405 Franklin St,  Elroy,  WI  53929 $199,886 Sold
405 Franklin St,  Elroy,  WI  53929
$199,886
Sold
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 Property Type Business/Commercial
 Parcel # 292210466
 County Juneau
 Sub Area L05
 Municipality Elroy
 MLS# 1892990
 Listing Date 09/04/2020
 Sold Price $182,000
 Close Date 04/28/2021 12:00 AM

MLS Public Remarks  Attention Investors! This Commercial Building offers amazing investment opportunities. Let's begin with 3 well maintained apartments, 2 2bd and 1 1 bd all fully rented. Factor in the lower level office space also rented and you have over 3600 sq. ft. on each level. Building has been extremely well maintained. New paint and roof, maintenance free windows and much more. Tenant lease information, monthly rents etc. provided with signed confidentialty agreement. A Quality Investment! Bonus, parking lot completely repaved in 2019.
Documents and Related Links  
1) Condition Report, Addendum S, and Property History
2) Aerial Views
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Elroy
  • C/T/V  City
  • Unit #  
  • Directions  Follow Academy St To Downtown, Turn L On Franklin St. (just Past Royal Bank) To Property On L
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  4
  • Building Gross SqFt  7,371
  • Net Leasable SqFt  0
  • Year Built  1944
  • Source for Year Built  Appr
  • Approx Bldg Dimen  40x91
  • Street Frontage  150
  • Parking Fees/Mo.  $0
  • Onsite Parking  10
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  8
  • Number of Loading Docks  0
  • Zoning  Comm
  • Est. Total Acres  0.1
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $3,300
  • Assessment Year  2019
  • Net Taxes  $2,165
  • Tax Year  2019
  • Improvements  $73,900
  • Total Assessment  $77,200
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Annual 07/31/2020 Yes $800 $0 $0 1,800
    2 Annual 12/31/2020 Yes $435 $0 $0 1,355
    3 Monthly 0 Yes $350 $0 $0 675
    Items Included 3 Refrigerators, 3 Stoves, 2 Washers, 2 Dryers, Window coverings, Multiple furnaces, Central Air Units, Water Heaters
    Items Excluded  Tenants and Owners personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  1-10 persons
    • EXTERIOR FEATURES  
  • Type   Apartment building, Office
  • Exterior Treatment  
  • Building Parking  6-10 spaces, Onsite, Paved
  • Roofing  Rubber/membrane
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Property Condition Report
  • Location  Corner, Free standing
  • Tenant Pays  Air Conditioning, Electric, Heat, Trash Services
  • Present Use  Apartment building, Office
  • Licenses  None
  • Lease Type  Annual, Month to month
  • Occupied by  
  • Sale Includes  Easements, Lease(s)
  • Features  Alley, Display window, Private Restrooms, Public rest rooms, Reception area, Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Castle Rock Realty Llc