Deb Cappello

Broker

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Listed by eXp Realty LLC
Bought with eXp Realty LLC

$ 1,797,625

$ 1,825,000 1.5%

Est. payment -/mo

Sold on 03/26/2025

1021 Grandview AVENUE Tomah, WI 54660

18,000 SqFt

UPDATED:

Key Details

Sold Price $1,797,625

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 18,000 sqft

Price per Sqft $99

Municipality TOMAH

MLS Listing ID 1894653

Sold Date 03/26/25

Year Built 2005

Annual Tax Amount $20,827

Tax Year 2024

Lot Size 1.100 Acres

Property Description

Fantastic value-add opportunity to own this turnkey 16-unit with 16 garages. Incredibly well-kept and managed properties. (5) 1BR units, (9) 2BR units, (2) 3BR units, 16 garages rented at $65/garage. 6 coin-op washers and dryers. Four of the 2BRs have private laundry rooms. New roofs on building and garages. Seller expenses low due to self-managing. Assuming normal expenses and increasing to market rents, property nearly an 8 cap! Market rents show $18,430/mo. Seller financing/Owner financing on 1022 Grandview also available! With full-price offer for 1021 Grandview seller would also lease-option 16-unit at 1022 Grandview(8 garages) at an option price of $1,675,000, $100,000 option fee and interest-only for 24 months. Market rents show $16,500/mo. Seller will manage for 6 months.

Location

State WI

County Monroe

Zoning COMM

Rooms

Basement None / Slab

Interior

Heating Electric

Cooling Wall/Sleeve Air

Equipment Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater

Appliance Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater

Exterior

Parking Features Indoor Space

Waterfront Description Pond

Water Access Desc Pond

Building

Sewer Municipal Sewer, Municipal Water

Structure Type Vinyl

New Construction N

Schools

Middle Schools Tomah

High Schools Tomah

School District Tomah Area