N5053 Hemlock St, Dekorra WI 53955 $624,900

N5053 Hemlock St, Dekorra 0 Acres $624,900 Active

  • Commercial/Business
  • Status: Active
  • County: Columbia
  • Est. Square Footage: 3,456
  • Acreage: 2.54
  • Property Taxes: $4,601
  • Property Tax Year: 2017
  • MLS#: 1816634
  • Listing Company: American, Realtors

N5053 Hemlock St Dekorra WI 53955 - Low maintenance coupled with high returns! 14 unit (10x24) mini storage units with 15 unit mobile home park pads across the street from Lake Wisconsin and Hookers Resort. Using an 80% LTV mortgage amortized over 25 years at an interest rate of 4.69%, the Cash Flow/Principal reduction in year one is $21,829 with a debt coverage ratio of 1.31. The property generates an internal rate of return of 24% with an inbound cap rate of 7.11%. As a value play, there are 29 units for just $22,410.34 per unit!

Additional Features
  • Heating/Cooling: No Heat
  • Water Waste: Non-Municipal/Prvt dispos, Well
  • Warehouse
  • Roof: Metal
  • 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
1816634 May 14 2018 3:49PM $624,900 $649,900 226
1816634 Active Oct 18 2017 3:49PM $649,900 226
1664221 Expired Active Aug 22 2013 1:11AM 366
1664221 Active Aug 21 2012 11:45AM $495,000 366
1581866 Expired Active Jul 28 2010 2:46AM 182
1595715 Active Jun 1 2010 4:51PM $399,900 182
1581866 Active Feb 1 2010 4:48PM $499,900 182
1543704 Expired Active May 4 2009 2:52AM 143
1543704 Active Dec 18 2008 4:20PM $485,000 143
1517722 Expired Active Sep 15 2008 2:21AM 173
1517722 May 9 2008 5:08PM $485,000 $399,900 173
1517722 Active Apr 19 2008 2:23AM $399,900 173
1488391 Expired Active Jan 11 2008 2:23AM 177
1467865 Expired Active Jul 17 2007 1:23PM 159
1459253 Expired Active May 10 2007 4:31AM 181
1461592 Expired Active May 10 2007 4:30AM 148
1467865 Active Feb 8 2007 5:42PM $485,000 159
1461592 Active Dec 12 2006 12:38PM $399,900 148
1459253 Active Nov 10 2006 5:37PM $399,900 181

Estimated Monthly Payment

$3,287 per month
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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

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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