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925 W Gorman St, Elkhorn, WI 53121 Sold for $675,000 on 07/29/2022
Features of 925 W Gorman St, Elkhorn, WI 53121
WI > Walworth > Elkhorn > 925 W Gorman St
- Residential Income
- Status: Sold
- County: Walworth
- 0 Full Bathrooms
- Acreage: 2.581
- Elementary School: Call School District
- Middle School: Elkhorn Area
- High School: Elkhorn Area
- Property Taxes: $6,172
- Property Tax Year: 2021
- MLS#: 1923893
- Listing Company: Century 21 Affiliated Pfister
- Zip Code: 53121
- Number of Units: 32
- Unit Type 1 Avg Rent: $490
- Unit 1 Parking: 1 Space
- Unit Type 2 Avg Rent: $544
- Unit 2 Parking: 2 Space
- Unit Type 3 Avg Rent: $597
- Unit 3 Parking: 2 Space
Property Description for 925 W Gorman St, Elkhorn, WI 53121
925 W Gorman St, Elkhorn, WI 53121 - 32 unit apartment complex in Elkhorn. 16-1 bedroom, 14-2 bedroom, 2-3 bedroom units. Tenants pay electric heat. Large 2.5 acre lot. 4 washers and 4 dryers are leased. Property is in the USDA Rural Development Low Income Housing Program. Property is required to stay in the RD program until 12/6/2033. This RD program allows renting only to low income tenants. Rents are controlled. Profits limited to $3,304 per year. Must be professionally managed. Purchase: NO NEW LOANS can be taken on this property. Buyer assumes current mortgage of (approx. $17K balance) and brings cash to closing equal to difference between purchase price and mortgage balance. See documents for details.
Basement
- None, Poured Concrete Foundation
Interior Features
- Water Waste: Municipal sewer, Municipal water
Building and Construction
- 2 story, Apartment building
- Construction Type: E
Land Features
- Waterfront/Access: N
| MLS Number | New Status | Previous Status | Activity Date | New List Price | Previous List Price | Sold Price | DOM |
| 1923893 | Sold | Offer-Show | Jul 29 2022 12:00AM | $675,000 | 71 | ||
| 1923893 | Sold | Offer-Show | Jul 29 2022 12:00AM | $675,000 | 71 | ||
| 1923893 | Offer-Show | Active | Jan 26 2022 11:56AM | 71 | |||
| 1923893 | Active | Nov 16 2021 11:52AM | $655,000 | 71 |
Contact Shorewest
1.800.434.7350
Community Homes Near 925 W Gorman St
| Elkhorn Real Estate | 53121 Real Estate |
|---|---|
| Elkhorn Vacant Land Real Estate | 53121 Vacant Land Real Estate |
| Elkhorn Foreclosures | 53121 Foreclosures |
| Elkhorn Single-Family Homes | 53121 Single-Family Homes |
| Elkhorn Condominiums |
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.
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