706 Faryl Ave, Delavan, WI 53115 Sold for $675,000 on 07/11/2022

706 Faryl Ave, Delavan BD: 0 BA: 1 $675,000 Sold

  • Residential Income
  • Status: Sold
  • County: Walworth
  • 0 Full Bathrooms
  • Acreage: 2.842
  • Subdivision: Lot 1 Csm 1439
  • Elementary School: Call School District
  • Middle School: Call School District
  • High School: Delavan-Darien
  • Property Taxes: $10,598
  • Property Tax Year: 2020
  • MLS#: 1923443
  • Listing Company: Century 21 Affiliated Pfister
  • Zip Code: 53115
  • Number of Units: 32
  • Unit Type 1 Avg Rent: $570
  • Unit 1 Parking: 2 Space
  • Unit Type 2 Avg Rent: $630
  • Unit 2 Parking: 2 Space

706 Faryl Ave, Delavan, WI 53115 - 2 16 unit apartment buildings in the city of Delavan. Tenants pay electric heat. Large 2.8 acred lot. Good investment property. Sixteen 1 bedroom units & sixteen 2 bedroom units. Room for garages. The 4 washers & 4 dryers are leased. Property is in USDA Rural Development Low Income Housing Program. Property is required to stay in this program until 5/7/2036. This program allows renting only to low income tenants. Rents are controlled, Profit is limited to $3,925/yr, must be professionally managed. Purchase: NO NEW LOAN can be taken upon this property. Buyer assumes the present mortgage (approx $100k bal.) and brings CASH to Closing equal to difference between PURCHASE PRICE and MTG BALANCE; eg, $575k. See Documents for details.

Additional Features
  • None, Poured Concrete Foundation
  • 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
1923443 Sold Offer-Show Jul 11 2022 12:00AM $675,000 32
1923443 Sold Offer-Show Jul 11 2022 12:00AM $675,000 32
1923443 Offer-Show Active Dec 13 2021 10:47AM 32
1923443 Active Nov 8 2021 6:45AM $675,000 32
1790943 Expired Active 15
1790943 Active Offer-No Show May 1 2017 9:50AM 15
1790943 Pending Active Dec 2 2016 1:48PM 15
1790943 Active Nov 23 2016 4:45PM $1,200,000 15

Estimated Monthly Payment

$3,287 per month
Calculate Payment

Make An Appointment

Contact Shorewest

1.800.434.7350

Schedule a Showing

Get More Info

Receive more detailed information on this property

Ask a Question

The information which is contained on pages with property data 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. Shorewest Realtors is not making any warranties or representations concerning any of these properties. Shorewest Realtors shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site.
REALTOR *MLS* Equal Housing Opportunity