1021 Grandview AVENUE
Tomah, WI 54660
- – beds
- – baths
- 18,000 sqft
- ~1 acre lot
- $101 per sqft
- 2005 build
- – on site
Fantastic value-add opportunity to own this turnkey 16-unit with 16 garages. Incredibly well-kept and managed properties. (5) 1BR units, (9) 2BR units, (2) 3BR units, 16 garages rented at $65/garage. 6 coin-op washers and dryers. Four of the 2BRs have private laundry rooms. New roofs on building and garages. Seller expenses low due to self-managing. Assuming normal expenses and increasing to market rents, property nearly an 8 cap! Market rents show $18,430/mo. Seller financing/Owner financing on 1022 Grandview also available! With full-price offer for 1021 Grandview seller would also lease-option 16-unit at 1022 Grandview(8 garages) at an option price of $1,675,000, $100,000 option fee and interest-only for 24 months. Market rents show $16,500/mo. Seller will manage for 6 months.
Last checked:
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Last updated Jan 10, 2025
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MLS# 1894653 —
The Building
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Year Built:2005
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Units In Building:16
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Total SqFt:18,000 Sqft
Location
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Directions:East on E Veterans, South on Grandview
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Latitude:44.000718
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Longitude:-90.500027
The Property
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Property Type:Multi-Family
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Lot Acreage:1.1
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Zoning:COMM
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Inclusions:16 stoves, 16 refrigerators, 16 dishwashers, 3 coin-op washers, 3 coin-op dryers
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Exclusions:Seller and tenants personal property
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2024
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Total Taxes:$20,827
Schools
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Middle School:Tomah
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High School:Tomah
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School District:Tomah Area
The Community
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Waterfront:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/2/25
Jan 2, 2025
|
Price Changed | WIREX_METRO | $1,825,000 | -47.9% |
|
12/3/24
Dec 3, 2024
|
Price Changed | WIREX_METRO | $3,500,000 | -5.4% |
|
10/3/24
Oct 3, 2024
|
Listed / Active | WIREX_METRO | $3,700,000 |
