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305 E Olson St,  Blanchardville,  WI  53516-9757 $479,000 Sold
305 E Olson St,  Blanchardville,  WI  53516-9757
$479,000
Sold
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 Property Type Multi Family
 Parcel # 108-0106-1000
 County Lafayette
 Sub Area M08
 Municipality Blanchardville
 MLS# 1902373
 Listing Date 02/17/2021
 Sold Price $410,000
 Close Date 04/29/2021 12:00 AM

MLS Public Remarks  Excellent investment opportunity! Net income of more than $40k annually! This 8-unit apartment building consists of four 1-bedroom and four 2-bedroom units. Each unit has a kitchen, bathroom, water heater, fridge, dishwasher, and stove. Shared water softener and shared laundry room with coin operated machines (included in sale price). Tenants pay electricity. Landlord pays water/sewer. Great location across from McKeller Park and just a couple blocks from all that Main Street offers! All units currently rented, all renters paying each month. Excellent rental history with many long-term tenants.
Documents and Related Links  
1) Seller Disclosure
2) P&L
3) Limited Service Document
LOCATION  
  • Location  Village
  • Other Marketing Area  
  • Mailing City  Blanchardville
  • C/T/V  Village
  • Unit #  
  • Directions  Take Hwy 78 South From Hwy 18/151 (mount Horeb Area) To Blanchardville. Turn Left (east) Onto East Olson Street.
    • BUILDING INFO  
  • Number of Units  8
  • Year Built  1970
  • # Furnaces  0
  • Heating Type  Rad Elec
  • Heating Fuel  Elec
  • # Water Heaters  8
  • # Water Softeners  1
  • # Stoves  8
  • # Refrigerators  8
  • # Dish Washers  8
  • # Washers  1
  • # Dryers  1
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  4
  • Number of 2 Bedrooms  4
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  13195
  • Net Operating Inc  40485
  • Year  2020
    • ASSESSMENT/SCHOOLS   
  • School District  Pecatonica
  • High School  Pecatonica
  • Middle  Pecatonica
  • Elementary  Pecatonica
  • Land Assessment  $24,100
  • Improvements  $163,500
  • Total Assessment  $187,600
  • Net Taxes  $4,300
  • Assessment Year  2020
  • Tax Year  2020
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  R-1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.23
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Dishwasher, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator
  • Unit 2  Dishwasher, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator
  • Unit 3  Dishwasher, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator
  • Unit 4  Dishwasher, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator
    • 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 MTM $500 2,272 1 Space No No Yes
    2 2 1 0 MTM $578 2,880 2 Space No No Yes
    3 0 0 0 - $0 0 - - - -
    4 0 0 0 - $0 0 - - - -
    Items Included 8 refrigerators, stoves & dishwashers, 1 coin-operated washer & dryer, 2 snow blowers in shed & 1 push mower in shed
    Items Excluded  Tenant's personal property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  None
    • EXTERIOR FEATURES  
  • Type   Apartment building
  • Parking per Unit  Outside
  • Barrier-free Features  
  • Exterior  Aluminum/Steel
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  Condition report on file, Income/Exp Report Avail
  • Miscellaneous  Shared laundry, Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Design Realty Llc