Presented by...
Carolyn Doering
Mobile: (608) 284-0277
Work: (608) 441-7777
[email protected]

405 E Truth St,  Shullsburg,  WI  53586 $800,000 Sold
405 E Truth St,  Shullsburg,  WI  53586
$800,000
Sold
More Photos
 Property Type Multi Family
 Parcel # 281-0550-0000
 County Lafayette
 Sub Area M21
 Municipality Shullsburg
 MLS# 1938984
 Listing Date 07/07/2022
 Sold Price $775,000
 Close Date 11/14/2022 12:00 AM

MLS Public Remarks  VPR $800,000 to $850,000. Enhance your rental portfolio with this 4 building, 12 unit, town house style in a country setting with modern construction. Ease of ownership with new roof and on a slab. Multiple units have been renovated and there are handicap accessible units/parking, as well. Storage units are 4x6 for each unit and there are at least 25 parking spaces. Tenants have a shared laundry facility. Take the short trip to Shullsburg, which is only 30 minutes from Dubuque and 25 minutes from Platteville. The current management is willing to stay in place if buyer would prefer to be hands off. Please see offering memorandum in MLS associated docs for more information.
Documents and Related Links  
1) 5 Year Overview
2) Disclosure Report
3) Certified Survey Map
4) Financial Overview and Rental Rates
5) Offering Memorandum
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Shullsburg
  • C/T/V  City
  • Unit #  
  • Directions  Us 151 S Take Cr-O Exit, Exit 37 Towards Mineral Point, Turn Left On Cr-O Turn Right To Stay On Cr-O
    • BUILDING INFO  
  • Number of Units  12
  • Year Built  1993
  • # Furnaces  13
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  13
  • # Water Softeners  0
  • # Stoves  12
  • # Refrigerators  12
  • # Dish Washers  0
  • # Washers  0
  • # Dryers  0
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  8
  • Number of 3+ Bedrooms  4
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Shullsburg
  • High School  Shullsburg
  • Middle  Shullsburg
  • Elementary  Shullsburg
  • Land Assessment  $27,000
  • Improvements  $198,000
  • Total Assessment  $225,000
  • Net Taxes  $5,434
  • Assessment Year  2021
  • Tax Year  2021
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  R-5
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  2.04
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Air conditioning, Balcony/patio, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 2  Air conditioning, Balcony/patio, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 3  Air conditioning, Balcony/patio, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 4  
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 3 1 0 vac $900 915 2 Space No No Yes
    2 2 1 0 vac $700 800 2 Space No No Yes
    3 2 1 0 vac $600 800 2 Space No No Yes
    4 0 0 0 - $0 0 - - - -
    Items Included (12) refrigerators, (12) stoves
    Items Excluded  washers and dryers are rented/contracted
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  None
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building, Townhouse style units
  • Parking per Unit  2 spaces
  • Barrier-free Features  Level drive, Level lot
  • Exterior  Vinyl
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit
  • Legal Documents  Condition report on file, Income/Exp Report Avail
  • Miscellaneous  Shared laundry



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Sprinkman Real Estate