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
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