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238 S MAIN Mishicot, WI 54228

$147,000
3 Units  |  3,113 Square Feet  |  Multifamily   |   MLS # 50278992

Description

Investment - 1% rule? This is 1 1/2%! Lower has a new kitchen - it's a really nice unit! The seller was going to update the other two kitchens when the tenants move out but all 3 tenants have been in the units for well over a year with no indication of leaving. All tenants passed a complete background check. The rents have not gone up since they moved in. Mo to Mo leases. Everything fresh paint and new floor. Several new appliances, water heater, sinks, faucets, toilets, light fixtures. Utilities are separately metered. There are 3 separate washer dryer hookups in the basement. The seller did not supply washer dryer. There is a storage shed in the back yard. One tenant does all of the grass and snow removal for a $50 per month discount on rent. Electrical all brought up to code.

Property Details

General

Total Units: 3

Square Feet: 3,113

Tax Amount: $1,756

New Construction?: No

Style: 2 Story,Apartment Building

Property Type: Multifamily

County: Manitowoc

Zoning:

  • Multi-family(3units)
  • Residential

Interior

Total Square Feet: 3,113

Sq. Ft. Above Grade: 3,113

Water Source: Municipal/city

Waste: Municipal Sewer Near

Heating/Cooling: Central

Heating Fuel: Natural Gas

# Garbage Disposals: 0

# Dishwashers: 0

# AC Units: 3

# Furnaces: 3

# Ranges: 3

# Refrigerators: 3

# Water Heaters: 3

Finances

Gross Annual Income: 27,000

Unit #1

Level #: Main

# Bedrooms: 2

# Full Baths: 1

# Half Baths: 0

Garage Spaces: None

Total Sq. Feet: 1,296

Monthly Rent: Rent

Monthly Rent Amount: 850

Electricity Paid By: Tenant

Water Paid By: Tenant

Heat Paid By: Tenant

Unit #2

Level #: Main

# Bedrooms: 3

# Full Baths: 1

# Half Baths: 0

Garage Spaces: None

Total Sq. Feet: 1,017

Monthly Rent: Rent

Monthly Rent Amount: 700

Electricity Paid By: Tenant

Water Paid By: Tenant

Heat Paid By: Tenant

Unit #3

Level #: Upper

# Bedrooms: 2

# Full Baths: 1

# Half Baths: 0

Total Sq. Feet: 800

Monthly Rent: Rent

Monthly Rent Amount: 700

Electricity Paid By: Tenant

Water Paid By: Tenant

Heat Paid By: Tenant

Lot / Exterior

# Acres: 0.74

Schools

School District: Mishicot

Listing Broker

Match Realty Group, LLC

Directions & Map

From downtown head south on 147. It's across from the park and near the river.


Listed By: Match Realty Group, LLC

This listing was last updated by Match Realty Group, LLC on August 29, 2023, 10:03 am.
Listing has been on the market for 273 days, since August 3, 2023.

This information, provided by seller, listing broker, and other parties, may not have been verified.

Information received from other 3rd parties: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor Paragon Real Estate Group nor RANW MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Copyright 2024 RANW MLS. All rights reserved. RANW MLS records were last updated on 05/02/2024 2:15 pm.

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