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1428 S Oakland Avenue

Green Bay, WI 54304
  • $1,250,000
  • STATUS: Active-No Offer
  • ON SITE: 76 Days
  • ID#: 50248006
$1,250,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,760
    SQFT
  • $217
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

School District:
Listing courtesy of Weichert Realtors - Place Perfect

Description

Rare open market opportunity. 12 units- 3 buildings that have been extensively updated and maintained to a high level. The value add opportunity here is to continue to grow rents on this current 7.2% Cap offering. Average rents at $738.75 as new leases have grabbed $800/month plus. This is a phenomenal complex and is differentiated by being two steps above the competition for rental units and in the condition to roll forward for years to come. On track to generate $110,000 in 2021. This rental property performs at a high level and has virtually no deferred maintenance!

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© 2021 Realtors Association of Northeast Wisconsin. All Rights Reserved. Information received from other third parties: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor Dallaire Realty nor RANW MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Data last updated: 2021-12-01T00:28:55.347.
www.househuntersofgreenbay.com/homes/121455436
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1428 S Oakland Avenue Green Bay, WI 54304

  • Price: $1,250,000
  • Status: Active-No Offer
  • On Site: 76 Days
  • ID#: 50248006
0
Beds
0
Baths
0
½ Baths
0.41
Acres
5,760
SQFT
$217
$/SQFT
1972
Built
Neighborhood:
Green Bay, City of
County:
Brown
Area:
Green Bay, City Of
School District:
Green Bay Area
Property Description
Rare open market opportunity. 12 units- 3 buildings that have been extensively updated and maintained to a high level. The value add opportunity here is to continue to grow rents on this current 7.2% Cap offering. Average rents at $738.75 as new leases have grabbed $800/month plus. This is a phenomenal complex and is differentiated by being two steps above the competition for rental units and in the condition to roll forward for years to come. On track to generate $110,000 in 2021. This rental property performs at a high level and has virtually no deferred maintenance!
Exterior Features

Building Parking Outside Lot Description Near Bus LineSidewalk Unit1 Garage Unit Desc 1 Space Water Frontage No

Interior Features

Furnaces 3 Number Of Ac Units 1 Number Of Dishwashers 0 Number Of Disposals 0 Ranges 12 Refrigerators 12 Unit1 Baths Full 1 Unit1 Baths Half 0 Unit1 Bed1 12X12 Unit1 Beds 1 Unit1 Fin Sq Ft 480 Unit2 Baths Full 1 Unit2 Bed1 12X12 Unit2 Beds 1 Unit2 Fin Sq Ft 480 Unit2 Kitchen 9X7 Unit3 Baths Full 1 Unit3 Baths Half 0 Unit3 Bed1 12X12 Unit3 Beds 1 Unit3 Fin Sq Ft 480 Unit4 Baths Full 1 Unit4 Bed1 12X12 Unit4 Beds 1 Unit4 Fin Sq Ft 480 Water Heaters 3

Property Features

Building Heating Cooling Hot Water/SteamRadiant Building Heating Fuel Type Natural Gas Flood Plain No Misc Building Common Laundry New Construction No Style Building Type 1 StoryApartment Building Tax Net Amount 7933 Tax Year 2020 Type Multifamily (3+ Unit) Unit1 Electric Paid By Landlord Unit1 Heat Paid By Landlord Unit1 Water Utility Pd By Landlord Unit2 Electric Paid By Landlord Unit2 Garage Unit Desc 1 Space Unit2 Heat Paid By Landlord Unit2 Level Main Unit2 Rent 750 Unit2 Water Utility Paid By Landlord Unit3 Electric Paid By Landlord Unit3 Garage Unit Desc 1 Space Unit3 Heat Paid By Landlord Unit3 Level Main Unit3 Rent 795 Unit3 Water Utility Pd By Landlord Unit4 Electric Paid By Landlord Unit4 Garage Unit Desc 1 Space Unit4 Heat Paid By Landlord Unit4 Level Main Unit4 Rent 775 Unit4 Water Utility Paid By Landlord Waste For Building Municipal Sewer Water For Building Municipal Public Water Zoning Commercial

Listing provided courtesy of Weichert Realtors - Place Perfect.


© 2021 Realtors Association of Northeast Wisconsin. All Rights Reserved. Information received from other third parties: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor Dallaire Realty nor RANW MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Data last updated: 2021-12-01T00:28:55.347.
 
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Dallaire Realty
1830 W. Mason St., Suite 10
Green Bay WI, 54303
Listing courtesy of Weichert Realtors - Place Perfect