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Key Details
Sold Price $224,500
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,454 sqft
Price per Sqft $64
MLS Listing ID 1681426
Sold Date 11/13/20
Year Built 1920
Annual Tax Amount $4,579
Tax Year 2019
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Other
Property Description
CASH COW!!! Great new price! Interest rates at ALL TIME LOWS. Five nice 1 bedroom rentals in an attractive brick building w/in city of 24,000 allowing for steady cash flow and a solid way of building owner equity with opportunities for even greater cash flow based on targeted improvements here & there. Easy access off South 3rd St & great exposure with its corner lot & the historic stature of the property itself. Income annually from the 5 units is currently about $32,500 with expenses projected at approximately $8500 resulting in a net income of almost $24,000. Do the math but it's a GREAT RETURN ON YOUR INVESTMENT so check it out & see if it's something you are interested in. Everybody has to live somewhere so why not take advantage of this fact of life by owning apts in Watertown!
Location
State WI
County Jefferson
Zoning MR 8
Rooms
Basement Partial
Interior
Heating Electric
Exterior
Exterior Feature Brick, Brick/Stone
Garage Spaces 5.0
Parking On Site 5
Roof Type Composition/Fiberglass
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
Others
Special Listing Condition Arms Length
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Bought with Johnson & Hellekson Real Estate, LLC
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