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| Listing Courtesy of Century 21 Affiliated Pfister |
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| Remarks: |
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| 2 16 unit apartment buildings in the city of Delavan. Tenants pay electric heat. Large 2.8 acred lot. Good investment property. Sixteen 1 bedroom units & sixteen 2 bedroom units. Room for garages. The 4 washers & 4 dryers are leased. Property is in USDA Rural Development Low Income Housing Program. Property is required to stay in this program until 5/7/2036. This program allows renting only to low income tenants. Rents are controlled, Profit is limited to $3,925/yr, must be professionally managed. Purchase: NO NEW LOAN can be taken upon this property. Buyer assumes the present mortgage (approx $100k bal.) and brings CASH to Closing equal to difference between PURCHASE PRICE and MTG BALANCE; eg, $575k. See Documents for details. |
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Listing Information:
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Listing Provided Courtesy of Century 21 Affiliated Pfister
For more information, please call 1-877-233-7356
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| Square Feet: |
0 |
| Bedrooms: |
1 |
| Est. Age: |
1986 |
| Bathrooms: |
Full: 0 3/4: 0 1/2: 0 1/4: 0 |
| Garage: |
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| Style: |
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| MLS Number: |
1923443 |
| Taxes: |
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| Elementary School: |
Call School District |
| Middle School: |
Call School District |
| High School: |
Delavan-Darien |
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This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2024, South Central Wisconsin MLS Corporation. All rights reserved. |
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