This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1360 6th St
Baldwin, WI 54002
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
ABOUT 1360 6TH ST , BALDWIN, WI 54002
BALDWIN VILLA APARTMENTS ARE 100% FULLY LEASED WITH TENANTS RESPONSIBLE FOR PAYING THEIR WATER, SEWER, AND ELECTRIC UTILITIES. OWNER PAYS FOR COMMON ELECTRIC FOR HALLWAY & EXTERIOR LIGHTS AND RUBBISH. BOTH THE GARAGE AND BUILDING ROOFS WERE REPLACED IN 2014. A NEW OWNER HAS ROOM TO RAISE RENTS TO MARKET. CURRENTLY GROSSES $5,910.00 MONTHLY AND A NET OPERATING INCOME OF $54,792 THAT YIELDS A CAPITALIZATION RATE OF 9.28% WITH MARKET COMMERCIAL FINANCING THAT HAS 80% LTV A NEW BUYER WOULD ACHEIVE A 20.43% CASH ON CASH RETURN. THIS PROPERTY MEETS THE LENDER REQUIRED 1.25% DSCR WITH A 1.78% A SMALLER MULTI-FAMILY INVESTMENT WITH THESE RATE OF RETURNS ARE HARD TO FIND. SHOWINGS ARE MONDAY THROUGH FRIDAY WITH 48-HOUR NOTICE TO SHOW.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $738.00 | 775 |
