24707 W Loomis Rd 24709, Norway, WI 53185 Sold for $500,000 on 05/31/2022

24707 W Loomis Rd 24709, Norway 5 Units $500,000 Sold

  • Multi-Family
  • Status: Sold
  • Total Number of Units: 5
  • Unit Type 1 # of Units: 1
  • Unit Type 1 Avg Rent: $1,400
  • Unit Type 2 # of Units: 1
  • Unit Type 2 Avg Rent: $975
  • Unit Type 3 # of Units: 1
  • Unit Type 3 Avg Rent: $655
  • Unit Type 4 # of Units: 1
  • Unit Type 4 Avg Rent: $580
  • Inside Parking: 3
  • Outside Parking: 20
  • Est. Year Built: 1935
  • School District: Muskego-Norway
  • High School: Muskego
  • Body of Water: channel to Wind Lake
  • County: Racine
  • Postal Municipality: Wind Lake
  • MLS#: 1784921
  • Listing Company: RE/MAX Realty Pros~Hales Corners
  • Zip Code: 53185

24707 W Loomis Rd 24709, Norway, WI 53185 - 4 family building and a tavern on one big lot. Basement with 2 coin washers & 2 coin dryers in 4 family. Bar is on slab/crawl space. Bar is being rented at $1,400/month. 4 family rents/security deposits are Apt #1 $555/$525. Apt #2 $580/$550. Apt #3 $655/$625 and Apt #4 $975/$975. Tavern pays $1,400/$1,325. Boat access on channel. See mapping. 2 car garage & 1.5 car garage. Newer roofs. Owner pays hot water heat & electric in 4 family. Updated circuit break boxes. Well maintained Tavern. Tenant pays those utilities and keeps the place nice. Big yard for outdoor activities. Plenty of parking. Lot runs along the channel. Bar equipment belongs to the tenant. Current tavern lease being renewed by 5/17/21. 2 car garage plus an old1.5 car garage. Shed by bar is the tenants. Better Hurry.

Additional Features
  • Block, Full, Laundry Facilities
  • Heating/Cooling: Central Air, Forced Air, Hot Water/Steam, Natural Gas, Wall/Sleeve Air
  • Water Waste: Municipal Sewer, Private Well
  • Inclusions: 2 coin operated clothes washers, 2 coin operated clothes dryers, 4 stoves, 4 refrigerators, 4 dishwashers, 2 sleeve air conditioners.
  • Apartment Building, View of Water, Water Access/Rights, Waterfrontage on lot
  • Water Features: Boat Slip/Ramp, Lake, Pier
  • Waterfront/Access: Y
  • Lot Description: 270x362x253x168+50 irreg
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1784921 Sold Pending May 31 2022 12:00AM $500,000 8
1784921 Sold Pending May 31 2022 12:00AM $500,000 8
1784921 Pending Active Apr 4 2022 5:36PM 8
1784921 Active Mar 29 2022 9:41AM $509,900 8

Estimated Monthly Payment

$3,287 per month
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