USAWIMedford821 N 2Nd Street
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$580,000

821 N 2Nd Street, Medford, WI

Condo

Sold

$--,---,---
$560,000
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage No
Maintenance Fees $4,000
Taxes $325
Approx. Age 1993
MLS® Number 6274580

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment for the new investor wanting limited risk. Solid building (partial brick), flooring, paint & other minor updates completed on turns. Other updates as needed. 8-units total, tenants pay all utilities except trash. Projected Cap rate of 7.5% tells the story. If owner occupies or self-manages, that number gets better. Exterior of the building is outstanding, each unit is in good if not very good condition. Water heaters and appliances have been replaced as needed. Some are newer, some are a bit older. Attractive building with no interior common spaces. One of the largest employers in the area (The Dairyland Distribution Center) is just 14 miles away. 50 minutes to Mashfield, Tomahawk or Wasua. If you are looking for a great start to your multi-family portfolio, this is a well run property.Show Description
MLS® Number6274580
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1993
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard
A/CWall Unit(s)
Heating Fuel

Extras

Building, Land

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