Skip To Content

614 5TH AVENUE

Antigo, WI 54409
  • $775,000
  • STATUS: Active
  • ID#: 22202725
UPDATED: 40 min ago
$775,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

FANTASTIC INVESTMENT PROPERTY OVER 7% CAP RATE, Financial details available in associated documents, rent roll in excel tab. 8 Apartments (2bd, 1bth) and four commercial spaces all leased. Landlord pays 30% of common area utilities, all others are billed back to tenants. Gross Income Scheduled $94,080 with expenses $36,397 (39.9%) and a buffer for vacancy of 3% for a total of $39,219 (42.9%) and an estimated schedule Net Operating Income of $54,861. That puts this property slightly above a 7% cap rate and it's 100% occupied and stabilized. In addition rents are projected to all be at $595 by the end of 2022 increasing the NOI to $62,503 - over an 8% cap rate. This truly is a value for a seasoned or beginner investor.

Monthly Payment Calculator



© 2022 WIREX. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Dallaire Realty. Data last updated: 2022-06-28T23:17:56.293.
www.househuntersofgreenbay.com/homes/129719418
Print Image

614 5TH AVENUE Antigo, WI 54409

  • Price: $775,000
  • Status: Active
  • On Site: Days
  • Updated: 40 min ago
  • ID#: 22202725
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Antigo
County:
Langlade
Area:
Antigo
Property Description
FANTASTIC INVESTMENT PROPERTY OVER 7% CAP RATE, Financial details available in associated documents, rent roll in excel tab. 8 Apartments (2bd, 1bth) and four commercial spaces all leased. Landlord pays 30% of common area utilities, all others are billed back to tenants. Gross Income Scheduled $94,080 with expenses $36,397 (39.9%) and a buffer for vacancy of 3% for a total of $39,219 (42.9%) and an estimated schedule Net Operating Income of $54,861. That puts this property slightly above a 7% cap rate and it's 100% occupied and stabilized. In addition rents are projected to all be at $595 by the end of 2022 increasing the NOI to $62,503 - over an 8% cap rate. This truly is a value for a seasoned or beginner investor.
Exterior Features

Building Type Complex2 Story Garage None Lot Size Text .460 Water Front No

Interior Features

Unit1 Beds 2 Unit1 Full Baths 1 Unit2 Beds 2 Unit2 Full Baths 1 Units In Building 12

Property Features

Estimated Age Range 21+ Years Farm YN No Limited Service No Municipality Type City New Construction YN No Tax Year 2021 Total Taxes 4821.0 Value Range Pricing No Water Waste Municipal WaterMunicipal Sewer

Listing information © 2022 WIREX.


© 2022 WIREX. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Dallaire Realty. Data last updated: 2022-06-28T23:17:56.293.
 
https://bt-photos.global.ssl.fastly.net/wirex/orig_boomver_1_22202725-2.jpg https://bt-photos.global.ssl.fastly.net/wirex/orig_boomver_1_22202725-2.jpg https://bt-photos.global.ssl.fastly.net/wirex/orig_boomver_1_22202725-2.jpg
Logo
Dallaire Realty
1830 W. Mason St., Suite 10
Green Bay WI, 54303