315 E OAK ST Edgar, WI 54426

$544,900

Bedrooms

Total Baths

Full Baths

Square Feet

0.66

Acres

1972

Year Built

119 days

On Website

Active

Status

Eightplex for sale! Great investment opportunity in Edgar - this 2-story apartment-style property, built in 1972, features nice curb appeal with well-maintained exterior & brick facade, small back concrete patio area, roof (approx. 10 yrs old) and a nice lawn - walking distance to Edgar Softball Park & Oak Street Park, seated on a large 0.66 acre lot. The property offers 8 units each with 2 beds, 1 bath, and 1 covered carport parking stall (additional paved parking spaces as well). Common lower level laundry and 8 storage lockers (1 per unit). Rents range from $580-$660 per unit, approx. $5,000 per month, $60,000+ per year (gross rent income) / the vacant unit rent is currently advertised at $775 - market rents could likely be higher. Each unit is approximately 738 sq ft and features an 11x11 living room, 12x10 eat-in kitchen, 8x5 bathroom, 11x10 bedroom and 12x9 bedroom (measurements are approximate), depending on the location of the unit the room configuration may vary but the sizes are relatively similar. All units are currently occupied. The heat and water/sewer is currently included in the rent payment (paid by the owner), the electricity is separate (paid by the tenants). Baseboard heating and 1 A/C wall unit for cooling per unit. Water/sewer is approx. $4,000 per year and electricity / gas is approx. $3,000 per year (depending on usage / average provided for estimation purposes). The following appliances are included in the sale - refrigerator x8 and stove x8, dehumidifier x2, washer x1 and dryer x2. Overall, this is a well-maintained property with clean hallways and well-kept lower level mechanical room & common areas. Great opportunity to add to your growing portfolio or start as your next investment. Schedule your showing today!

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Details


Interior
Appliances
Refrigerator, Range, Washer, Dryer

Building And Construction
Number Of Units Total
8
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1972

Exterior And Lot
Lot Size Acres
0.66
Lot Size Square Feet
28750
Zoning
Multi-Family

Utilities
Cooling
Wall A/C
Heating
Hot Water

Area And Schools
City
Edgar
County Or Parish
Marathon County

Financial Info
Auction
No
Tax Annual Amount
$4,572.00
Tax Year
2020

Additional Info
Age
49
FUEL TYPE
Natural Gas
HOME WARRANTY INCLUDED
No
Sewer/Water
Pb Sewer/Pb Water
Unit 1 Rent
$620
Unit 1 Sq Ft
738
Unit 2 Rent
$550
Unit 2 Sq Ft
738
Unit 3 Rent
$775
Unit 3 Sq Ft
738
Unit 4 Rent
$620
Unit 4 Sq Ft
738
Unit 5 Rent
$580
Unit 5 Sq Ft
738
Unit 6 Rent
$610
Unit 6 Sq Ft
738
Unit 7 Rent
$595
Unit 8 Rent
$660
WATER HEATER
Electric

Listing By COLDWELL BANKER ACTION – DAKOTA KARLEN

MLS# 22103430

Data Last Updated 7:09AM - 10/27/2021

Central Wisconsin MLS

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (“IDX”) program of Central Wisconsin Multiple Listing Service, Inc. The information published and disseminated by the Service is communicated verbatim, without change by the Service, as filed with the Service by the Participant. The Service does not verify such information provided and disclaims any responsibility for its accuracy. Copyright© 2021 Central Wisconsin Multiple Listing Service, Inc. All Rights Reserved.

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