75 Riverview Rd, Kiel, WI 53042 Sold for $1,000,000 on 04/29/2022

75 Riverview Rd, Kiel 12 Units $1,000,000 Sold

  • Multi-Family
  • Status: Sold
  • Total Number of Units: 12
  • Unit Type 1 # of Units: 4
  • Unit Type 1 Avg Rent: $710
  • Unit Type 2 # of Units: 4
  • Unit Type 2 Avg Rent: $710
  • Unit Type 3 # of Units: 4
  • Unit Type 3 Avg Rent: $710
  • Inside Parking: 14
  • Outside Parking: 14
  • Est. Year Built: 1994
  • School District: Kiel Area
  • County: Manitowoc
  • Postal Municipality: Kiel
  • MLS#: 1781086
  • Listing Company: Avenue Real Estate LLC
  • Zip Code: 53042

75 Riverview Rd, Kiel, WI 53042 - 3 identical 4 plexes built 1994 on one tax bill. All 2-bedroom units, 1 bath 1 car garage above average condition, great rental history. 710.00 rent each unit with leases. New roofs 2010 on all buildings and garages. All electric units' tenants pay all utilities. Seller pays parking lot exit lights. Unit in Building 1310 dewy St. New window on westside installed by seller waiting for contractor. Previous home inspection on file. Rent for 2021 were $78,360.00 because of COVID. Fully rented potential gross is $102,240.00. 2021 financial spreadsheet attached.

Additional Features
  • None
  • Heating/Cooling: Electric, Wall/Sleeve Air
  • Water Waste: Municipal Sewer, Municipal Water
  • Inclusions: Stove, Refrigerator, dishwasher, wall air conditioner, door opener, and one car garage for each unit. Note* There is a two-car owner's garage on the property also. Unit 1310 upper unit #6 westside window is being replace by seller. Waiting for contractor.
  • Apartment Building, Other
  • Roof: Composition, Other
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1781086 Sold ActiveWO Apr 29 2022 12:00AM $1,000,000 3
1781086 Sold ActiveWO Apr 29 2022 12:00AM $1,000,000 3
1781086 ActiveWO Active Mar 2 2022 2:33PM 3
1781086 Active Withdrawn Feb 28 2022 9:10AM 3
1781086 Withdrawn Active Feb 25 2022 9:14AM 3
1781086 Active Feb 24 2022 2:19PM $975,000 3

Estimated Monthly Payment

$3,287 per month
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