925 W Gorman St

Elkhorn, WI 53121 MLS# 1923893
$655,000
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
  • 925 W Gorman St, Elkhorn, WI 53121
Listing Courtesy of Century 21 Affiliated Pfister
32 Units | Built in 1983 |Active

WI > Walworth > Elkhorn > 925 W Gorman St

Property Description for 925 W Gorman St, Elkhorn, WI 53121

NO SHOWINGS BEFORE 11/30/21 32 unit apartment complex in Elkhorn. 16-1 bedroom, 14-2 bedroom, 2-3 bedroom units. Tenants pay electric heat. Large 2.5 acre lot. 4 washers and 4 dryers are leased. Property is in the USDA Rural Development Low Income Housing Program. Property is required to stay in the RD program until 12/6/2033. This RD program allows renting only to low income tenants. Rents are controlled. Profits limited to $3,304 per year. Must be professionally managed. Purchase: NO NEW LOANS can be taken on this property. Buyer assumes current mortgage of (approx. $17K balance) and brings cash to closing equal to difference between purchase price and mortgage balance. See documents for details.


  • Number of Units: 32
  • Type of Rental: 2 story, Apartment building
  • Year Built: 1983
  • Taxes: $6,096
  • Tax Year: 2020
  • County: Walworth
  • Elementary School: Call School District
  • Middle School: Elkhorn Area
  • High School: Elkhorn Area
  • MLS Number: 1923893

Unit 1

  • Beds: 1
  • Baths: 1 f | 0 h | 0 q
  • Parking: 1 Space
  • Sq Ft: 750

Unit 2

  • Beds: 2
  • Baths: 1 f | 0 h | 0 q
  • Parking: 2 Space
  • Sq Ft: 858

Unit 3

  • Beds: 3
  • Baths: 1 f | 0 h | 0 q
  • Parking: 2 Space
  • Sq Ft: 950

Unit 4

  • Beds: 0
  • Baths: 0 f | 0 h | 0 q
  • Parking:
  • Sq Ft: 0

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