Medford, WI 54451,821 N 2nd ST #821-835
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Medford, WI 54451,821 N 2nd ST #821-835
Medford, WI 54451,821 N 2nd ST #821-835
Medford, WI 54451,821 N 2nd ST #821-835
Medford, WI 54451,821 N 2nd ST #821-835
Listed by David Meyer • Re/Max Advantage Plus

$580,000

Est. payment /mo

$560,000

3.6%
Est.Price: ?

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821 N 2nd ST #821-835 Medford, WI 54451

7,200 SqFt

SOLD DATE : 12/16/2022

Key Details

Sold Price $580,000

Property Type Multi-Family

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 7,200 sqft

Price per Sqft $80

MLS Listing ID 1569654

Sold Date 12/16/22

HOA Y/N No

Abv Grd Liv Area 7,200

Year Built 1993

Annual Tax Amount $325

Tax Year 2022

Lot Size 0.740 Acres

Acres 0.74

Property Sub-Type Apartment

Property Description

Excellent investment for the new investor wanting limited risk. Solid building (partial brick),
flooring, paint & other minor updates completed on turns. Other updates as needed. 8-units total,
tenants pay all utilities except trash. Projected Cap rate of 7.5% tells the story. If owner occupies
or self-manages, that number gets better. Exterior of the building is outstanding, each unit is in good
if not very good condition. Water heaters and appliances have been replaced as needed. Some are newer,
some are a bit older. Attractive building with no interior common spaces. One of the largest employers
in the area (The Dairyland Distribution Center) is just 14 miles away. 50 minutes to Mashfield,
Tomahawk or Wasua. If you are looking for a great start to your multi-family portfolio, this is a well
run property.

Location

State WI

County Taylor

Area 29 - Taylor And Clark

Rooms

Other Rooms None

Basement None

Interior

Heating Baseboard

Cooling Wall Unit(s), Wall/Window Unit(s)

Fireplace No

Appliance Electric Water Heater

Exterior

Parking Features Asphalt, Driveway

Water Access Desc Public

Building

Foundation Block

Sewer Public Sewer

Water Public

Additional Building None

Schools

School District Medford

Others

Tax ID 251-01741-0004

Financing Conventional

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