$580,000
$560,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
821 N 2nd ST #821-835 Medford, WI 54451
7,200 SqFt
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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