115 S Madison St, Friesland WI 53935 Sold for $733,562 on 04/15/2016

115 S Madison St, Friesland BD: 0 BA: 1 $765,000 Sold

  • Residential Income
  • Status: Sold
  • County: Columbia
  • 0 Full Bathrooms
  • Acreage: 1.53
  • Elementary School: Cambria-Friesland
  • Middle School: Cambria-Friesland
  • High School: Cambria-Friesland
  • Property Taxes: $12,005
  • Property Tax Year: 2014
  • MLS#: 1759145
  • Listing Company: Homestead Realty

115 S Madison St Friesland WI 53935 - Low-maintenance, turn-key 16-unit apartment building under one roof. Built in 1992. No basement to maintain. Double boiler efficient gas heating system. Newer roof, newer boilers, newer water heaters. All 16 units have dishwashers, patio/balcony and a detached garage. Professional management in place with a 5% vacancy rate. No more large capital expenditures due. Tax assessment lowered in 2015. Just keep it rented and enjoy lucrative positive cash flow! Priced at a 7.56% cap rate, 7.06 GIM, and a 22% ROI!!

Additional Features
  • None
  • Water Waste: Municipal sewer, Municipal water
  • Apartment building
  • Construction Type: E
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1759145 Sold Offer-Show Apr 22 2016 1:48AM $733,562 108
1759145 Offer-Show Active Jan 19 2016 10:49AM 108
1759145 Active Oct 2 2015 12:47PM $765,000 108

Estimated Monthly Payment

$3,287 per month
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Buyer understands that the information which is contained on Data pages is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. REALTOR *MLS* Equal Housing Opportunity

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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