MLS Public Remarks Showings begin 08-26-21. Start earning a return on your investment day one with this solid five unit in the heart of Black Earth. Built and owned by the same family for 36 years this property has a remarkable rental and income history. The property contains four identical layout two bed, one bath units on the first and second floors and a 440 square foot efficiency unit in the basement. There is a detached three car garage and ample off-street parking for at least four additional vehicles. Coin operated laundry services in the basement are yet another source of income. See attached documents for more information on property and tenant history. Please view our 3-D virtual tour to get an accurate perspective of the entire property.
Location Village
Other Marketing Area
Mailing City Black Earth
C/T/V Village
Unit #
Directions West On Hwy 14 To Black Earth. Left (south) On Mills St, Right (west) On Madison St (kp) One Block Then Left (south) On Blue Mounds St.
Number of Units 5
Year Built 1985
# Furnaces 1
Heating Type Rad Elec
Heating Fuel Nat Gas
# Water Heaters 1
# Water Softeners 1
# Stoves 5
# Refrigerators 5
# Dish Washers 0
# Washers 1
# Dryers 1
# Units w/AC 5
Number of Efficiencies 1
Number of 1 Bedrooms 0
Number of 2 Bedrooms 4
Number of 3+ Bedrooms 0
Total Income 0
Total Expenses 14951
Net Operating Inc 26084
Year 2020
School District Wisconsin Heights
High School Wisconsin Heights
Middle Wisconsin Heights
Elementary BlackMazo
Land Assessment $75,000
Improvements $214,000
Total Assessment $289,000
Net Taxes $6,622
Assessment Year 2020
Tax Year 2020
Owner
Zoning Res Multi
Subdivision Barsness & Bennett Plat
Name of Lake/River
Est. Total Acres 0.24
Source for Est. Total Acres PubR
Unit 1 Air conditioning, Dining room, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
Unit 2 Air conditioning, Dining room, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
Unit 3 Air conditioning, Dining room, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
Unit 4 Air conditioning, Dining room, Family/Rec. room, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
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Landlord Pays |
| Unit |
Bedrooms |
Full Baths |
Half Baths |
Lease Expiration Date |
Month Rent |
Fin Sq.Ft |
Parking |
Elec |
Heat |
W/S |
| 1 |
2 |
1 |
0 |
Monthly |
$690 |
624 |
1 Car Garage |
No |
Yes |
Yes |
| 2 |
2 |
1 |
0 |
Monthly |
$750 |
624 |
1 Car Garage |
No |
Yes |
Yes |
| 3 |
2 |
1 |
0 |
Monthly |
$725 |
624 |
1 Space |
No |
Yes |
Yes |
| 4 |
2 |
1 |
0 |
Monthly |
$690 |
624 |
1 Car Garage |
No |
Yes |
Yes |
Items Included Refrigerators (5), Oven/Stove (5), Microwave (4), Water Softener, Washer, Dryer.
Items Excluded Personal property of both Sellers and Tenants.
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full, Partially finished, Poured Concrete Foundation
Type 2 story, Apartment building
Parking per Unit 1 Car garage, 1 space, Detached
Barrier-free Features
Exterior Vinyl, Wood
Waterfront
Terms
Utilities Sep elec meters each unit
Legal Documents Condition report on file, Lease(s) on file
Miscellaneous Internet - Cable, Shared laundry, Water Softener Owned
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Spencer Real Estate Group
