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223 N 4th St 21 Unit Apartment Building $800,000 ($38,095/Unit) Black River Falls, WI 54615
INVESTMENT HIGHLIGHTS
- Historic brick building which was totally restored in 1987 in the National Register of Historic Places.
EXECUTIVE SUMMARY
Historic Union Place - 21 unit apartment building in Black River Falls, WI. Restored brick school with interesting living spaces on large lot on top of a hill overlooking town and river. Features individual heat controls, elevator, community room with kitchen and onsite laundry. Newly redone parking lot. Restored in 1987. Property is in the USDA Rural Development Low Income Housing Program with rental assistance paid for tenants. Contact Alex Pfister 608-437-3044 or c21alex@mhtc.net.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $38,095 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.85 AC |
| Sale Condition | Business Value Included | Building Size | 14,400 SF |
| No. Units | 21 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1871/1987 |
| Zoning | R3 Multi Family Res - Multi Family Residential | ||
| Price | $800,000 |
| Price Per Unit | $38,095 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 14,400 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built/Renovated | 1871/1987 |
| Zoning | R3 Multi Family Res - Multi Family Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Carpet
- Handrails
- Intercom
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Clubhouse
- Laundry Facilities
- Security System
- Wheelchair Accessible
- Trash Pickup - Curbside
- Vintage Building
- Elevator
- Lounge
- Multi Use Room
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $623.00 | 600 |
| 2+1 | 1 | $643.00 | 686 |
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PROPERTY TAXES
| Parcel Number | 206-0468.0000 | Total Assessment | $435,000 |
| Land Assessment | $45,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $389,300 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
206-0468.0000
Land Assessment
$45,700
Improvements Assessment
$389,300
Total Assessment
$435,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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223 N 4th St
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